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There are three work centers (A,B,and
C)behind the financial aid counter at a nearby university.They can each fit into any of three office spaces (1,2,and 3)off the corridor behind the desk.There is no student contact in these areas,only workers.The distance 1-2 is 20 feet,2-3 is 30 feet,and 1-3 is 50 feet.The matrix of work (trips per day)at the three centers are shown in the following table.Remember that each trip must be a round-trip (from 1 to 2 and back,for example).
(a)How many possible assignments are there? List them.
(b)Calculate the total distance traveled in each of these assignments.
(c)Which assignment minimizes distance traveled?
Marginal Rate of Substitution
The rate at which a consumer is willing to give up one good in exchange for another good, while maintaining the same level of utility.
Good Y
A generic term used to denote a particular good or product in economic models.
Units
Refers to a measurement or quantity of something, often used in the context of production, sales, or inventory in various industries.
Utility Function
A function that reflects the satisfaction or utility a consumer derives from consuming goods or services.
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