-Refer to the Data Given for Production and Shipping Costs

question 30

Multiple Choice

-Refer to the data given for production and shipping costs for Auto Parts,Inc.Solve the transportation problem using Excel Solver.(Remember that in balanced transportation problems all constraints-except the non-negativity constraints of the decision variables-should be set as an equal-to (=) sign in the Excel Solver dialogue.) At the optimum solution,the costs for production and shipping from Tokyo to Amsterdam is ______.

• A)$42,120
• B)$26,080
• C)$123,743
• D)$160,132

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Definitions:

Classical Economists

Economists from the 18th and 19th centuries who focused on the free market, advocating for limited government intervention.

Keynesian

Relating to the economic theories of John Maynard Keynes, advocating for increased government expenditures and lower taxes to stimulate demand and pull the global economy out of depression.

Classical

Pertains to the classical school of economic thought, focusing on free markets and the self-regulating nature of economies, emphasizing the roles of competition and supply and demand.

Monetarists

Monetarists are economists who believe that variations in the money supply have major influences on national output in the short run and the price level over longer periods.