Which of the Following Is NOT Information Needed for a Transportation

question 61

Multiple Choice

Which of the following is NOT information needed for a transportation problem?

• A) the cost of shipping one unit from each origin to each destination
• B) the set of destinations and the demand at each
• C) the set of origins and the demand at each origin
• D) the list of sources and the capacity at each
• E) None of these is needed.

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Definitions:

Consumer Choices

The selection of goods or services made from available alternatives by consumers based on their preferences and budget.

Budget Line

A visual depiction showing all the different pairs of two products that can be bought within a certain budget at particular price levels.

Market Baskets

A set of goods or services used as a standard for comparing purchasing power or cost of living in different locations.

Completeness

In economics, completeness refers to a property of preferences indicating that any two bundles of goods can be compared, allowing for decisions on which is preferred or if they are equally desirable.