Advocates of the promotion of the maximization of consumer welfare using market principles and efficiency criteria define consumer welfare as an improvement in the allocation of resources without an impairment to productive efficiency

Which of the following is NOT a requirement for competing in today's global economy?

A. efficient and effective production and manufacturing systems B. well-organized and expertly-supported trade facilitation processes C. efficient and effective resource allocation D. well-organized and expertly-supported distribution logistics E. solid network of financial intermediation and support.

A linear programming problem contains a restriction that reads "the quantity of S must be no more than one-fourth as large as T and U combined." Formulate this as a linear programming constraint

What will be an ideal response?