______ Refers to a Condition That Occurs When the Solution

question 71

Multiple Choice

______ refers to a condition that occurs when the solution to a transportation problem has occupied routes (cells) that are less than the (number of origins + the number of destinations - 1) .

• A)Balanced transportation problem
• B)Degeneracy
• C)Dummy demand destinations
• D)Dummy supply sources

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Definitions:

Unemployment Of Resources

refers to the situation where available factors of production such as labor, capital, and land are not being used in the production process.

Bowed-Out Frontier

Describes a production possibility frontier that curves outward, indicating increasing opportunity costs for producing goods.

Production Of Good

The process of creating or manufacturing merchandise that satisfies consumer demands.

Good A And B

Two hypothetical or specified products used in economic models to illustrate various economic principles.