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becky28 becky28
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A year 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

Macroeconomics


Edition: 3rd
Authors:
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Chintan13Chintan13
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A year ago
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becky28 Author
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A year ago
Helped a lot
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This calls for a celebration Person Raising Both Hands in Celebration
sleinhi
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I appreciate what you did here, answered it right Smiling Face with Open Mouth
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