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shaindel shaindel
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3 years ago
According to the cost-benefit principle, if a change generates $50,000 in gains and $45,000 in losses,

▸ it is desirable.

▸ the gain is not large enough to justify the change.

▸ the desirability depends on who gains and who loses.

▸ it is a Pareto improvement.
Textbook 
Managerial Economics and Strategy

Managerial Economics and Strategy


Edition: 3rd
Authors:
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qwerqwerqwerqwerqwerqwer
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3 years ago
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