Examlex
In an assignment model of machines to jobs,the machines are analogous to which of the following in a transportation problem
Marginal Cost
A rise in the cumulative expenses associated with the production of an extra unit.
Economic Rent
Extra income earned by a factor of production due to its limited supply or unique properties, over and above its opportunity cost.
Output Tax
A tax levied on the quantity of production or output generated by a company, as opposed to income or profit.
Perfectly Elastic
An economic term describing a situation where the quantity demanded or supplied changes infinitely in response to any change in price.
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