A Primary Advantage of Decision Trees Compared to Decision Tables

question 10

Multiple Choice

A primary advantage of decision trees compared to decision tables is that decision trees

• A) are more accurate.
• B) provide a graphic.
• C) are smaller.
• D) are cheaper.
• E) can be used for sequential problems.

---

Definitions:

Total Cost

The complete cost of producing a specific quantity of output, combining both fixed and variable costs.

Marginal Cost

The additional cost incurred by producing one more unit of a product or service, crucial for economic decision-making and pricing strategies.

Diminishing Marginal Product

The principle that as more of a variable input is added to a fixed input, the additional output gained from each new unit of input will eventually decrease.

Marginal Costs

The extra expense associated with manufacturing an additional unit of a product or service.