Scenario: Sarah Has to Choose Between Renting a Hotel Room

question 5

Multiple Choice

Scenario: Sarah has to choose between renting a hotel room for 2 days and renting a hotel room for 3 days.
-Refer to the scenario above.Which of the following statements is true?

• A) Both optimization techniques will provide an efficient outcome, but optimization using total value will be faster to implement.
• B) Both optimization techniques will provide an efficient outcome, but optimization using marginal analysis will be faster to implement.
• C) Only optimization using marginal analysis can be used to arrive at an optimum choice. Optimization using total value will not be applicable in this case.
• D) Only optimization using total value can be used to arrive at an optimum choice. Optimization using marginal analysis will not be applicable in this case.

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Definitions:

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