Question: Need detailed Explanation . Please solve with in 10 min Q11 (1 point) True or False. When using the optimization-in-levels approach, the optimal choice is

Need detailed Explanation . Please solve with in 10 min

Need detailed Explanation . Please solve with in 10 min Q11 (1

Q11 (1 point) True or False. When using the optimization-in-levels approach, the optimal choice is one that corresponds to maximum total net benefit (= total benefit - total cost) . 1) True. 2) False. Q12 (1 point) True or False. When using the optimization-in-differences approach, the optimal choice is one that corresponds to maximum marginal net benefit (= marginal benefit - marginal cost) . 1) True. 2) False

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