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tuggy tuggy
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7 years ago
Which of the following statements identifies a difference between optimization in levels and optimization in differences?
A) Optimization in levels compares only the costs of different alternatives, whereas optimization in differences compares only the benefits of different alternatives.
B) Optimization in levels compares only the benefits from different alternatives, whereas optimization in differences compares only the costs of different alternatives.
C) Optimization in levels calculates the net benefits of different alternatives, whereas optimization in differences calculates the change in net benefits when switching from one alternative to another.
D) Optimization in levels calculates the change in net benefits when switching from one alternative to another, whereas optimization in differences calculates the net benefits of different alternatives.
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Microeconomics

Microeconomics


Edition: 1st
Authors:
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SudzburySudzbury
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tuggy Author
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#2
7 years ago
Thanks for answering correctly
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