Which of the following scenarios demonstrate the concept of optimization in microeconomics? Select all that apply.

Optimization in microeconomics is about making the best possible choices with limited resources to achieve the highest benefit. For example, if a farmer has a certain amount of land, they need to decide how much of each crop to plant to maximize their profits. This means they will consider factors like the cost of seeds, the expected price of the crops, and the amount of space each crop requires. Another scenario could be a company deciding how many workers to hire to produce the right amount of goods without overspending on labor costs. In both cases, the goal is to find the most efficient way to use resources to gain the best possible outcome.