Examlex
For an assignment problem with 3 agents and 4 tasks, the assignment matrix will have 3 rows and 4 columns.
Implicit Costs
These are the costs of using resources owned by the company for production that aren't directly paid for or incurred as a clear expense.
Explicit Costs
Direct payments made to others in the course of running a business, such as wages, rent, and materials.
Normal Rate
The normal rate often refers to a baseline or average level of interest or return expected on an investment or loan in economics and finance.
Cost Per Bushel
The expenditure involved in producing or acquiring one bushel of a commodity, such as grain.
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