An Assignment Problem

question 46

Multiple Choice

An assignment problem:

• A)is a special transportation problem
• B)will always have an integer solution
• C)has all supplies and demands equal to 1
• D)None of the above
• E)All of the above

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Definitions:

Production Function

An equation or graph that represents the maximum output that can be produced with a given set of inputs, showing the relationship between input and output levels in the production process.

Factors Of Production

The inputs used in the production of goods or services in the attempt to make an economic profit, including land, labor, capital, and entrepreneurship.

Input

Resources used in the production process, including labor, capital, materials, and energy.

Output

The final product or service produced from the input resources in a production process.