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In formulating a transportation problem, you discover that one of the route combinations is forbidden by contract, or prohibited by law, or ruled out by company policy. How would you indicate the cost of that cell in preparing the problem to be solved?
Comparative Advantage
The ability of an individual, firm, or country to produce a certain good or service at a lower opportunity cost than other producers.
International Trade
The exchange of goods, services, and capital between countries and territories, allowing for greater variety of consumption and efficiencies in production.
Productive
Refers to the ability of an individual, company, or economy to produce goods or services efficiently and effectively.
Tariff Revenue
Income generated by the government through the imposition of taxes on imported goods.
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