What are the two techniques to optimization? How do the techniques differ?
What will be an ideal response?
Optimization can be achieved using either of two techniques: optimization in levels or optimization in differences. Although both techniques provide identical results, there are differences between them. Optimization in levels analyzes the total net benefit of different alternatives, whereas optimization in differences analyzes the change in net benefits when switching from one alternative to another. Optimization in differences is often faster to implement than optimization in levels, because optimization in differences only focuses on the way alternatives differ.
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In 2002, this company was estimated to hold the largest share of the U.S. burger market:
A) McDonald's. B) Burger King. C) Wendy's. D) none of the above.
The entrance of the U.S. into the Korean War in June of 1950 led to:
a. deflation. b. an increase in the unemployment rate. c. a long and deep recession. d. a surge in consumer demand. e. All of the above.