Examlex
The objective in transportation problems is typically to
Equilibrium Price
The price at which the quantity of a product demanded by consumers equals the quantity supplied by producers.
Diagram
A simplified drawing showing the appearance, structure, or workings of something.
Market Supply Curve
A graphical representation showing the total quantity of a good that sellers are willing and able to sell at various prices.
Output
The total quantity of goods and services produced by an economy, company, or process over a specific period.
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