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teranine teranine
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A year ago
Scenario: Sarah has to choose between renting a hotel room for 2 days and renting a hotel room for 3 days.


Refer to the scenario above. Which of the following statements is TRUE?

▸ Only optimization using total value can be used to arrive at an optimum choice. Optimization using marginal analysis will not be applicable in this case.

▸ Both optimization techniques will provide an efficient outcome, but optimization using marginal analysis will be faster to implement.

▸ Only optimization using marginal analysis can be used to arrive at an optimum choice. Optimization using total value will not be applicable in this case.

▸ Both optimization techniques will provide an efficient outcome, but optimization using total value will be faster to implement.
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Macroeconomics

Macroeconomics


Edition: 3rd
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moraamoraa
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A year ago
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teranine Author
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A year ago
Thank you, thank you, thank you!
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This site is awesome
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this is exactly what I needed
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