What can be done for discovering an optimal solution

Assignment Help Microeconomics
Reference no: EM131483982

Question: Often, in an LP model, the opportunity cost of some nonbasic activity is just a few cents away from a zero value. What can be done for discovering an alternative (quasi) optimal solution?

Reference no: EM131483982

Questions Cloud

Describe the steps in the tax research process : Describe the steps in the Tax Research Process including examples. Why is this process important to understand?
Ethical research and no software to detect plagiarism : Suppose there were no rules for conduct of ethical research and no software to detect plagiarism. Would it matter? Why or why not? Discuss.
Discussthe lp problem : Using the appropriate algorithms, compute all the basic primal and dual alternative optimal solutions.
Think about the term conflict : Think about the term conflict and what it means to you. For the first part of this assignment, determine 10 - 20 different words or phrases that help you define
What can be done for discovering an optimal solution : Often, in an LP model, the opportunity cost of some nonbasic activity is just a few cents away from a zero value. What can be done for discovering.
Describe the strategy of the firm : Huawei want to re-enter American market recently, gather information from website, academic source, or news to describe the strategy of the firm including.
What are the four virtues they consider : Do you agree that the city described by Socrates and company is a city that possesses the virtues as they are defined by Socrates and company? Etc.
Web sites and new technology : While much of the excitement in social media has been based on Web sites and new technology uses, much of the growth lies in new platforms.
Literature review on project : Literature Review on Project/Program Scope, Time and Cost Management - Special Topic Assigned to each Team by the Lecturer - Recycling of papers

Reviews

Write a Review

Microeconomics Questions & Answers

  The free rider problem

Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.

  Failure of the super committee is good thing for economy

Some commentators have argued that the failure of the “Super committee” is good thing for the economy?  Do you agree?

  Case study analysis about optimum resource allocation

Case study analysis about optimum resource allocation: -  Why might you suspect (even without evidence) that the economy might not be able to produce all the schools and clinics the Ministers want? What constraints are there on an economy's productio..

  Fixed cost and vairiable cost

Questions:  :   Which of the following are likely to be fixed costs and which variable costs for a chocolate factory over the course of a month?  Explain your choice.

  Problem - total cost, average cost, marginal cost

Problem - Total Cost, Average Cost, Marginal Cost: -  Complete the following table of costs for a firm.  (Note: enter the figures in the  MC   column  between  outputs of  0 and 1, 1 and 2, 2 and 3, etc.)

  Oligopoly and demand curve problem

Problem based on Oligopoly and demand curve,  Draw and explain the demand curve facing each firm, and given this demand curve, does this mean that firms in the jeans industry do or do not compete against one another?

  Impact of external costs on resource allocation

Explain the impact of external costs and external benefits on resource allocation;  Why are public goods not produced in sufficient quantities by private markets?  Which of the following are examples of public goods (or services)? Delete the incorrec..

  Shifts in demand and movements along the demand curve

Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use examples and draw graphs to support your discuss..

  Article review question

Article Review Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below:

  Long-term growth, international trade & globalization

Long-term Growth, International Trade & Globalization:- This question deals with concepts such as long-term growth, international trade and globalization. Questions related to trade deficit, trade surplus, gains from trade, an international trade sce..

  European monetary union (emu) in crisis

"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"

  Development game “settlers of catan”

Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd