Which of the Following Statements Is True

question 27

Multiple Choice

Which of the following statements is true?

• A) A rational economic agent is not likely to optimize.
• B) Cost-benefit analysis can also be used for normative economic analysis.
• C) Cost-benefit analysis does not yield the same result as optimization analysis.
• D) The net benefit of an option that costs $50 and provides a benefit of $100 is equal to $150.

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Definitions:

Numbers

Numerical digits or values used for counting, measuring, and performing mathematical operations.

Capability

The ability or quality that something has to perform or achieve a certain task or function.

Without Being Detected

Conducting activities in a manner that avoids discovery or notice by others.

Network & Sharing

A feature in operating systems that enables the sharing of data, resources, and files among multiple computers over a network.