Which of the Following Statements Identifies a Difference Between Optimization

question 10

Multiple Choice

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

• A) In most cases, optimization using total value is faster and easier than optimization using marginal analysis.
• B) In many cases, optimization using marginal analysis is faster and easier than optimization using total value.
• C) Optimization using marginal analysis compares only the cost involved in different alternatives, whereas optimization using total value compares the net benefit of different alternatives.
• D) Optimization using marginal analysis compares the net benefit of different alternatives, whereas optimization using total value compares only the cost involved in different alternatives.

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Definitions:

Equivocation

The misleading use of a word with more than one meaning or sense, often to confuse or deceive.

Sodium Chloride

The chemical compound known as table salt, comprised of sodium (Na) and chloride (Cl) ions; essential for human life but also widely used in industry.

Fallacy of Diversion

A logical fallacy that occurs when an argument is diverted away from the original issue, often by introducing a related but different subject.

Electrical Shocks

The sudden discharge of electricity through a part of the body, causing a swift and sometimes severe reaction.