This paper is intended to teach students, business managers, and policy makers about the fundamentals of trade. Whether it is between countries, firms, or individuals, the basics are universal. We start by describing the production possibility frontier. This frontier defines the combinations of...

This study utilizes linear programming and regression for identifying distributors of Tennessee Valley Authority (TVA) power that deviate from the normal efficiency levels and for listing distributor attributes that affect these efficiencies. The conclusions are: (1) most TVA distributors are...