Which of the Following Is a FALSE Assumption About the Transportation

question 75

Multiple Choice

Which of the following is a FALSE assumption about the transportation model?

• A)Capacity at each supply location or origin is limited.
• B)Demand requirements at each destination are known.
• C)Regardless of their origin or destination,the items shipped are homogenous.
• D)Between each origin and destination,there are multiple routes used.

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Definitions:

Market Wage

The prevailing pay rate for work of a given nature in a specific market or industry.

Labor Supply

The total hours that workers are willing and able to work in a given period, often influenced by factors like wages, working conditions, and social norms.

Capital

Financial assets or the financial value of assets, such as cash and goods, used to generate wealth through investment or production.

Factor Substitution Effect

The process by which firms replace factors of production (like labor and capital) with others due to changes in relative prices or technology.