Three Jobs Are to Be Assigned to Three Machines

question 60

Multiple Choice

Three jobs are to be assigned to three machines.Cost for each job-machine combination appears in the table below.Perform the first two steps of the assignment method (subtract the smallest number in each row and subtract the smallest number in each column;then cover with straight lines) .At this point in the problem-solving process:

• A)the row for Job 1 contains the values 5,6,and 0.
• B)calculations are complete,and the problem is ready for an optimal set of assignments.
• C)the column for Machine B indicates that it should be retired.
• D)Job 1 should be performed on Machine B.
• E)Job 1 should be performed on Machine A.

Recognize the long-term effects of changes in individual income tax rates and corporate profits tax on prices and profits across sectors.

Identify how the structure of business ownership (corporations, partnerships, proprietorships) affects tax liabilities and reporting.

Understand the concept of excess burden and how it affects the efficiency of tax policies.

Analyze the impact of specific taxes on market outcomes, including price levels and the distribution of tax burdens.

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Definitions:

Cumulative

A term referring to an attribute of financial items (like dividends) that accumulate over time until they are paid or settled.

Preferred Stock

A class of stock with preferential rights over common stock, often including fixed dividends and priority in assets upon liquidation.

Noncash Assets

Assets that are not in the form of cash or cannot be easily converted to cash, such as property, plant, and equipment.

Par Value

This term describes the nominal or face value of a bond, stock, or coupon as stated by the issuer, often used in the context of bonds and shares.