Which of the Following Statements Is True of Optimization

question 7

Multiple Choice

Which of the following statements is true of optimization?

• A) Optimization analysis only relates to the financial budget of an economic agent.
• B) Individuals who optimize do not consider costs when choosing the most feasible alternative.
• C) Economic agents can optimize only when they are able to perfectly estimate all future costs and benefits.
• D) Economic agents who optimize attempt to choose the best feasible option, given the information that they have.

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Definitions:

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Controversial Topic

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Supporting Points

Evidence or arguments provided to back up or justify a main idea or thesis.

Major Points

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