An optimal decision is one that chooses
a. the most desirable alternative among the possibilities permitted by the resources available.
b. the lowest cost method of meeting goals, without regard to quality or any other feature.
c. among various possible goals and offends no one, so that all are equally happy.
d. among equally important goals, and thereby avoids the "indispensable necessity" syndrome.
e. among possible goals in such a way that spends as little money as possible.
a
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The purchase by the central bank of newly created government debt is called "monetizing the deficit."
Indicate whether the statement is true or false
Scott and Cindy both produce only pizza and tacos. In one hour, Scott can produce 20 pizzas or 40 tacos. In one hour, Cindy can produce 30 pizzas or 40 tacos. Based on these data,
A) Cindy has a comparative advantage at producing tacos. B) Scott has a comparative advantage at producing tacos. C) Cindy and Scott have the same comparative advantage in producing tacos. D) neither Cindy nor Scott has a comparative advantage in producing tacos. E) Cindy and Scott have the same comparative advantage in producing pizzas.