In short-run decision making, the alternative with the lowest overall cost should always be chosen.

Name: In short-run decision making, the alternative with the lowest overall cost should always be chosen.
Brand: Quizplus
Rating: 4.8 (39 reviews)

Question

Quizplus · Accepted Answer

In short-run decision making, other factors such as production capacity, demand, and time constraints may also need to be considered, in addition to cost. Therefore, the alternative with the lowest cost may not always be the best choice.

In Short-Run Decision Making, the Alternative with the Lowest Overall