How does optimization using total value differ from optimization using marginal analysis? Assume that the city council has to choose one of the following three alternatives-setting up a school,setting up a hospital,and setting up a playground.The estimates of the expected cost and benefit of all three projects are shown in the following table.How does the city council arrive at the optimal choice if both the techniques of optimization are implemented? Do the results vary?
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Character Theories
Theories that attempt to explain aspects of a person's character, often focusing on traits, motivations, and behaviors that define their personality.
Moral Rights
Rights concerning the recognition of personal autonomy and the protection of individuals from harm, aligning with ethical standards and moral principles.
Consequential Theories
Ethical theories that judge actions based solely on their outcomes or consequences, focusing on the greater good or harm resulting from them.
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Rights concerning the personal and reputational aspects of a work, typically associated with the author's ability to prevent unauthorized changes or to be properly acknowledged.
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