For Which of the Two Situations Below Is It Desirable

question 11

Multiple Choice

For which of the two situations below is it desirable to find an Euler circuit or an efficient eulerization of a graph? I. A street department employee must check the traffic signals at each intersection in a downtown area to be certain they are working.
II) An employee of a power company reads the electric meters outside each house along the streets in a residential area.

• A) I only
• B) II only
• C) Both I and II
• D) Neither I nor II

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Definitions:

Economic Rent

A payment to a factor of production (such as land, labor, or capital) in excess of what is necessary to keep that factor in its current use.

Equilibrium Wage

A market-determined wage rate where the intentions of workers and employers align, leading to an agreed-upon employment level.

Competitive Labor Market

A market where there are many employers and job seekers, leading to wages being determined by supply and demand.

Average Expenditure

The total amount spent divided by the quantity bought, often used in consumer studies to analyze buying habits.