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Determine whether the following statements better de - scribe optimization using total value or optimization us - ing marginal analysis. a . John is attempting
Determine whether the following statements better de
scribe optimization using total value or optimization us
ing marginal analysis.
a John is attempting to decide on a movie all movies
have the same ticket price He determines that the new
Batman movie provides him with comparatively more
of a benefit than the new Spiderman movie and that
both the Batman and Spiderman movies have compara
tively more of a benefit than the new Superman movie.
b Marcia finds that the net benefit of flying from
Chicago to Honolulu on a nonstop United Airlines
flight is $ and the net benefit of the same trip fly
ing on a onestop American Airlines flight is $
c Nikki decided to jog miles for exercise by reasoning
that a mile jog was better than either a mile jog or
a mile jog.
d At a yard sale, Reagan calculated that she was willing
to pay $ for a queen bed that was being sold for
$generating net benefit of $ and that she was
willing to pay $ for a king bed that was being sold
for $generating net benefit of $
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