Which of the following statements identifies a similarity between optimization using total value and optimization using marginal analysis?
A) Both techniques consider only the costs of different alternatives.
B) Both techniques consider only the total benefits of different alternatives.
C) Both techniques evaluate the total net benefit of different alternatives to arrive at a decision.
D) Both techniques require the conversion of all costs and benefits into a common unit of measurement.

Question

Quizplus · Accepted Answer

Both optimization using total value and marginal analysis require converting all costs and benefits into a common unit of measurement to compare and evaluate different alternatives effectively.

Which of the Following Statements Identifies a Similarity Between Optimization