Which of the Following Statements Is True

question 40

Multiple Choice

Which of the following statements is true?

• A) Marginal analysis is a key tool used while optimizing using total value.
• B) Before and after comparisons can be used in both optimization using total value and optimization using marginal analysis.
• C) Marginal analysis is the comparison of economic outcomes before and after some economic variable is changed.
• D) Before and after comparisons involve calculating the incremental cost of moving from one alternative to the next best alternative.

---

Definitions:

Social Brain Theory

The social brain theory proposes that the size and complexity of an animal's brain, especially in primates, evolved primarily to handle complex social interactions and relationships.

Interpersonal Relations

The social connection or interaction between two or more individuals.

Deliberate System

A cognitive process that is slow, analytical, and effortful, often used when making complex decisions that require attention to detail.

Automatic System

cognitive processes that operate below the level of conscious awareness, enabling quick and efficient responses to stimuli.