_______ Transport Is Considered Expensive but Fast, While _______ Transport

question 4

Multiple Choice

_______ transport is considered expensive but fast, while _______ transport is considered cheap but slow.

• A) Air, water
• B) Water, land
• C) Land, air
• D) All are equal in cost and speed

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Definitions:

Feasible Solutions

Solutions that meet all the constraints of a particular problem, considered acceptable and implementable.

Constraint Lines

Lines in a graph of a linear programming model representing limitations or restrictions on the resources available.

Contribution Margin

The amount of revenue from sales that exceeds the variable costs associated with producing a product or service.

Production Constraint

Limitations or restrictions in the production process that prevent a company from reaching its full production potential.