In the B & B Algorithm, B & B Stands

question 52

Multiple Choice

In the B & B algorithm, B & B stands for

• A) Brooks and Baker
• B) Best Bound
• C) Best Branch
• D) Branch and Bound

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Definitions:

Price of X

The amount of money required to purchase a specified amount of good or service 'X'.

Price of Y

The cost or value attributed to a good or service denoted by 'Y', often set by market demand and supply or by the seller.

Utility Function

A mathematical representation that ranks preferences or satisfaction levels of a consumer for different bundles of goods.

Budget Constraint

A representation of all the combinations of goods and services a consumer can afford to buy with their income.