Solve the Following Assignment Problem Using the Hungarian Method

question 36

Essay

Solve the following assignment problem using the Hungarian method. No agent can be assigned to more than one task. Total cost is to be minimized.
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Definitions:

Output

The amount of something produced by a person, machine, or industry.

Unemployment

Unemployment refers to the situation in which individuals who are capable of working and willing to work at prevailing wage rates cannot find employment.

Sacrifice Ratio

An economic term that quantifies the effect of decreasing inflation on an economy, typically measured as the percentage loss in output per one percentage point decrease in inflation.

Housing and Financial Crisis

A period characterized by declining home prices, foreclosures, and a loss of value in financial instruments, leading to widespread economic instability.