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Locate a recent article (from within the last 5 years) from the library's databases OR interview a business leader about how a transportation, transshipment, assignment, or shortest-route problem was resolved with a linear programming model.
Summarize the problem presented in the article or interview.
Explain the objective function and constraints the business faced in relation to this problem.
Describe the linear programming model used to solve this problem.
Provide the optimal solution presented in the article or interview.
Summarize the final outcome of the implementation of the solution.
Incorporate citations from the lecture videos.
Include your thoughts on the church as an organization. How does the church disseminate its "product" to the people in the organization? How should this influence leadership in organizations?
This document contains various important questions and their appropriate answers in the subject field of Economics.
Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.
Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..
Explain each of the following using supply and demand diagrams, With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.
The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.
Draw the production possibility curve and a. Define consumer surplus and producer surplus.
The Australian government administers two programs that affect the market for cigarettes
How many tickets to sell to maximize total welfare.
The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled
Depict the von Neumann-Morgenstern utility index u in a diagram
What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution
Calculate gross national product and net national product
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