question 7\nthe optimal level of representation happens when...\n○ external costs are minimized\n○ decision…

question 7\nthe optimal level of representation happens when...\n○ external costs are minimized\n○ decision - making costs are minimized\n○ the sum of external and decision - making costs is minimized\n○ external costs are minimized and decision - making costs are maximized

question 7\nthe optimal level of representation happens when...\n○ external costs are minimized\n○ decision - making costs are minimized\n○ the sum of external and decision - making costs is minimized\n○ external costs are minimized and decision - making costs are maximized

Answer

Brief Explanations:

In decision - making and representation theory, the optimal level is achieved when the total cost (sum of external and decision - making costs) is minimized. Minimizing only external costs or only decision - making costs doesn't guarantee optimality, and maximizing decision - making costs while minimizing external costs is counter - intuitive for optimality.

Answer:

the sum of external and decision - making costs is minimized