Good Intuitive Judgment Is Always Needed to Determine Appropriate Weights

question 102

True/False

Good intuitive judgment is always needed to determine appropriate weights and ratings in the input stage matrices.

---

Definitions:

Isoquant

A curve that represents all the combinations of two inputs that produce the same level of output in the production process.

Indeterminate

A condition or situation that is uncertain or not clearly fixed, often characterized by a lack of clear direction or outcome.

Total Cost

The complete cost of production, including both fixed and variable costs, incurred by a business in producing a good or service.

Cost Of Capital

The return rate that a company must earn on its investment projects to maintain its market value and attract funds.