Title: How does optimization using total value differ from optimization using marginal analysis? Assume ... Post by: joshtatum92 on Dec 11, 2022 How does optimization using total value differ from optimization using marginal analysis? Assume that the city council has to choose one of the following three alternatives—setting up a school, setting up a hospital, and setting up a playground. The estimates of the expected cost and benefit of all three projects are shown in the following table. How does the city council arrive at the optimal choice if both the techniques of optimization are implemented? Do the results vary?
Title: How does optimization using total value differ from optimization using marginal analysis? Assume ... Post by: Redhawt75 on Dec 11, 2022 Content hidden
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