Which of the Following Statements Identifies a Difference Between Optimization

question 46

Multiple Choice

Which of the following statements identifies a difference between optimization using total value and optimization using marginal analysis?

• A) Optimization using total value compares only the costs of different alternatives, whereas optimization using marginal analysis compares only the benefits of different alternatives.
• B) Optimization using total value compares only the benefits from different alternatives, whereas optimization using marginal analysis compares only the costs of different alternatives.
• C) Optimization using total value calculates the net benefits of different alternatives, whereas optimization using marginal analysis calculates the change in net benefits when switching from one alternative to another.
• D) Optimization using total value calculates the change in net benefits when switching from one alternative to another, whereas optimization using marginal analysis calculates the net benefits of different alternatives.

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Definitions:

≠ Symbol

A mathematical symbol denoting inequality, signifying that two values or expressions are not equal.

Directional

Hypotheses that predict the nature of the effect of one variable on another, specifying a direction of influence.

μ > 8

This inequality states that the population mean (μ) is greater than 8.

Alternative Hypothesis

A hypothesis that contradicts the null hypothesis, suggesting there is a significant difference or effect.