Examlex
An airport is trying to balance where to place the three subgroups (local (A),regional (B),and national (C))for an airline.The distance between terminals and the number of trips that travelers make between subgroups for flight connections per day are listed.Find the assignment that minimizes the distance travelers must walk.
Efficiency
The degree to which resources are used optimally to produce goods and services, minimizing waste and maximizing output.
Equality
The state of being equal, especially in status, rights, and opportunities, often pursued as an economic and social policy objective.
Scarce Resources
Resources that are limited in availability and are used to produce goods and services, leading to the necessity of making choices about their allocation.
Efficiency
The effectiveness with which resources are used to produce goods and services, achieving the highest output with the lowest input.
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