Author Question: Out of a set of feasible alternatives, an optimizer should choose the alternative with the: A) ... (Read 217 times)

nramada · **on:** Jun 29, 2018

Out of a set of feasible alternatives, an optimizer should choose the alternative with the:

A) highest net benefit.
B) highest opportunity cost.
C) lowest total cost, regardless of benefit.
D) highest total benefit, regardless of cost.

Question 2

If there is an inverse relationship between two variables, the graph of this relationship

A) will be a horizontal line.
B) will be downward-sloping.
C) might be horizontal.
D) will be upward-sloping.