The Following Transportation Table Shows the Cost of Shipping One

question 1

Multiple Choice

The following transportation table shows the cost of shipping one unit from each source to each destination in the upper right hand corner of each cell,as well as the supply capacities and demand requirements: The optimal solution is:
The total cost of the shipping plan is:

• A)$17,000
• B)$25,000
• C)$50,000
• D)$66,000

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Definitions:

Oral Auction

An oral auction is a sale method where buyers vocally submit their bids for items until the highest bid is reached and the item is sold.

Expected Winning Bid

The anticipated amount or price that is predicted to win at an auction or in a competitive bidding process.

Bidders

Individuals or entities that offer a price for goods, services, or assets in competitive situations such as auctions.

Common-value Auction

A type of auction wherein all bidders have the same valuation for the item for sale, but they have different information about the item’s actual value.