Which of the Following Statements Is True

question 77

Multiple Choice

Which of the following statements is true?

• A) Marginal analysis is a key component in the process of optimization using total value.
• B) Only direct costs are considered when the net benefits of the alternatives are calculated.
• C) In both the techniques of optimization, all costs have to be converted to the same unit of measurement.
• D) Optimization using total value calculates the change in net benefits when a person switches from one alternative to another.

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Definitions:

Atomic Symbols

Abbreviations assigned to elements based on their names, used for representing elements in chemical formulas and equations.

Chromium

A lustrous, hard, and brittle metallic element used in alloys to increase strength and corrosion resistance.

Krypton

A chemical element with the symbol Kr and atomic number 36, a noble gas used in lighting and photography.

Cobalt

A chemical element with the symbol Co and atomic number 27, known for its metallic properties and use in alloys and batteries.