The Solution Obtained from an Assignment Problem Is an Optimal

question 71

True/False

The solution obtained from an assignment problem is an optimal answer to the problem of shipping goods from multiple sources to multiple destinations.

---

Definitions:

Equilibrium Price

The price at which the quantity of a good demanded by consumers equals the quantity supplied by producers, leading to a stable market condition.

Surplus

The situation in which the quantity of a good or service supplied exceeds the quantity demanded at the current price; often occurs in markets where a price ceiling prevents the price from rising to its equilibrium level.

Market Price

The current price at which an asset or service can be bought or sold, determined by supply and demand.

Black Market

An illegal trading environment where goods or services are exchanged outside of government-sanctioned channels.