Both transportation and assignment problems are members of a category of lp problems called network flow problems
<h3>What is
network flow problems?</h3>
Network flow problems are a type of combinatorial optimization problem in which the input is a flow network (a graph with numerical capacities on its edges) and the goal is to construct a flow with numerical values on each edge that respect the capacity constraints and have incoming flow.
A company, for example, may want to ship packages from Los Angeles to New York City by using trucks to transport between intermediate cities. If the route connecting two cities only has one truck and each truck has a maximum load, the graph describing the transportation options will be a flow network.
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Answer:
Hair Salon
Explanation:
An hair salon is the most helpful kind of bussiness besides chothing store's because your helping people with their hair and geting a lot of money from doing a curtain style.
Answer:
In the first step jessica should discuss the basic and general ideas of creating business.
Explanation:
As mentioned in the question jessica teaches business studies in a college and she has to demonstrate her students the steps which would be involved in the starting of a business.
So, she has thought to demonstrate the ideas in a sequential order with proper examples and all the steps should be explained nicely.
So,here in the first step she will need to:
Start with the most basic and general idea of creation of new business.
Here we should know why a business basic idea so important:
- Because a proper plan will only lead to a business reality.
- The idea will work as a blueprint in the guidance of business
- The best idea will progressively lead to well settled company from a start-up.
In response to a shortage caused by the imposition of a binding price ceiling on a market,
a. price will no longer be the mechanism that rations scarce resources.
b. long lines of buyers may develop.
c. sellers could ration the good or service according to their own personal biases.
A binding price ceiling is when the government or an agency of the government sets the maximum price of a good or service below the equilibrium price.
When price of a good is set below the equilibrium price of the good, the producer surplus would decreases and the consumer surplus would increase. This would lead to an excess of demand over supply. As a result, a shortage would occur. As a result of the shortage, black markets would occur.
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