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In a transportation problem with three locations and two destinations, the objective function is as follows: Min 20X11 + 18X21 + 23X31 + 16X12 + 14X22 + 12X32. How much does it cost to ship one unit from location 2 to destination 1?
Mailbox Rule
A rule which holds that an acceptance is valid when it is placed in the mailbox, whereas a revocation is effective only when received by the offeree. In some jurisdictions the mailbox rule has been expanded to faxes.
Automobile Insurance
A type of insurance policy that provides financial protection against physical damage and/or bodily injury resulting from traffic collisions and against liability that could also arise.
Premium
An amount paid periodically to the insurer by the insured for covering his risk or the cost above the nominal value of something.
Temporary Insurance
Short-term coverage designed to provide protection for a limited period, often while awaiting the implementation of permanent insurance.
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