Value is defined as ______.
A)the product of the function to its cost
B)the ratio of the function to its cost
C)the reciprocal of the function to its cost
D)the difference between the function and its cost

Question

Quizplus · Accepted Answer

Value is typically defined as the ratio of the function (the benefit or usefulness) to its cost (the price or effort required to acquire it). This ratio provides a measure of the benefits received per unit of cost or effort expended.

Value Is Defined as ______