Among a set of alternatives with the same benefits,an individual is said to optimize if she chooses an alternative that ________.
A) has the lowest total cost
B) has the highest total cost
C) has the highest indirect cost
D) has the lowest opportunity cost

Question

Quizplus · Accepted Answer

Choosing the alternative with the lowest total cost among options with the same benefits is considered optimizing because it maximizes the net benefit or utility derived from the choice.

Among a Set of Alternatives with the Same Benefits,an Individual