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

Question

Quizplus · Accepted Answer

If the alternatives have the same total costs, the individual will optimize by choosing the alternative with the highest total benefit, as this maximizes the overall utility or satisfaction received from the choice. Choosing alternatives with higher risk, higher opportunity costs, or higher net costs would not lead to optimization as these factors diminish the overall value or benefit received.

Among a Set of Alternatives with the Same Total Costs,an