Multiple Choice
Assume that an individual has to decide between a 2-day vacation and a 3-day vacation to the same place.If he uses optimization using marginal analysis,he will ________.
A) only think about the net benefits of the extra day
B) compare the total net benefits of both alternatives
C) choose the 3-day vacation only if the costs incurred on the third day exceed the benefits he receives
D) spend more time to make a decision than he would had he used optimization using total value
Correct Answer:
Verified
Correct Answer:
Verified
Q38: Which of the following is NOT a
Q39: An individual rents an apartment for $200
Q40: Which of the following statements is true?<br>A)
Q41: If Project A has a cost of
Q42: Assume that an individual has to choose
Q44: Scenario: Sarah has to choose between renting
Q45: Which of the following statements identifies a
Q46: Which of the following statements identifies a
Q47: If Project A has a cost of
Q48: The Principle of Optimization at the Margin