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Explain in detail one objective function (profit max, or cost min.), how that may impact measures of port effect effectiveness and explain the variables es
Explain in detail one objective function (profit max, or cost min.), how that may impact measures of port effect effectiveness and explain the variables es that go into the function and how changes in those variables impact decisions by port managers. Use appropriate graphs and discussion to explain how a change in the price of an input will affect the choice of inputs used
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