Nikki decided to jog 3 miles for exercise by reasoning that a 3-mile jog was better than either a 2-mile jog or a 4-mile jog OA. Neither type of optimization, since she is not considering the total benefits of alternatives. OB. Optimization using total value, since she is comparing the net benefits between alternatives. OC. Both types of optimization, since she is considering the net benefits of alternatives. OD. Optimization using marginal analysis, since she is calculating the difference in net benefits between alternatives. OE. Optimization using total value, since she is making marginal comparisons.

Nikki decided to jog 3 miles for exercise by reasoning that a 3-mile jog was better than either a 2-mile jog or a 4-mile jog OA. Neither type of optimization, since she is not considering the total benefits of alternatives. OB. Optimization using total value, since she is comparing the net benefits between alternatives. OC. Both types of optimization, since she is considering the net benefits of alternatives. OD. Optimization using marginal analysis, since she is calculating the difference in net benefits between alternatives. OE. Optimization using total value, since she is making marginal comparisons.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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