Table 13.6 Union Fork, Inc. Has Five Distribution Centers Located at the at the Location

question 92

Multiple Choice

Table 13.6
Union Fork, Inc. has five distribution centers located at the location coordinates given as follows. The demand at each center is also given.

-Use the information in Table 13.6. What are the x and y coordinates for the center of gravity?

• A) x ≥ 7.5, y ≥ 6
• B) x ≥ 7.5, y ≤ 6
• C) x ≤ 7.5, y ≥ 6
• D) x ≤ 7.5, y ≤ 6

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Definitions:

Current Consumption

The total amount of goods and services consumed at the present time, as opposed to savings for future consumption.

Time Preference

The inclination of individuals to prefer goods and services sooner rather than later.

Rational Expectations

The hypothesis that individuals form predictions of the future based on available information and act on those predictions rationally.

Consumption Goods

Goods that are purchased by consumers for the purpose of consumption and not for resale.