List Four Rational Economic Assumptions the Linear Programming Allocation Model

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The Answer is • Returns from different allocations can be compared; that is, they can be measured by a common unit (e.g., dollars, utility).
• The return from any allocation is independent of other allocations.
• The total return is the sum of the returns yielded by the different activities.
• All data are known with certainty.
• The resources are to be used in the most economical manner.

List Four Rational Economic Assumptions the Linear Programming Allocation Model

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List Four Rational Economic Assumptions the Linear Programming Allocation Model

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Correct Answer:
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