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becky28 becky28
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A month ago
Which of the following statements is TRUE?

▸ Optimization using total value calculates the change in net benefits when a person switches from one alternative to another.

▸ Marginal analysis is a key component in the process of optimization using total value.

▸ Only direct costs are considered when the net benefits of the alternatives are calculated.

▸ In both the techniques of optimization, all costs have to be converted to the same unit of measurement.
Textbook 

Macroeconomics


Edition: 3rd
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Chintan13Chintan13
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A month ago
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In both the techniques of optimization, all costs have to be converted to the same unit of measurement.

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becky28 Author
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A month ago
Thanks
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Thanks for your help!!
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