Top Posters
Since Sunday
28
o
8
C
6
d
6
A
5
H
5
n
4
t
4
d
4
p
4
r
4
s
4
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
viva902 viva902
wrote...
Go to Answer
Posts: 67
Rep: 0 0
3 months ago
What is cost-benefit analysis? What are the steps involved in using cost-benefit analysis to make the optimal choice?
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
Authors:
Read 14 times
1 Reply
Replies
Answer verified by a subject expert
hizzy117hizzy117
wrote...
#1
Posts: 72
Rep: 0 0
3 months ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
Cost-benefit analysis is a calculation that adds up the costs and benefits of a particular choice using a common unit of measurement. It involves the conversion of all costs and benefits to a common unit of measurement so that they can be compared. The difference between the benefits and costs of choosing an alternative is referred to as the net benefit of the alternative. The alternative with the highest net benefit is the optimal choice.
1

Related Topics

viva902 Author
wrote...

3 months ago
this is exactly what I needed
7.prime7105
wrote...

Yesterday
Just got PERFECT on my quiz
sakoon
wrote...

2 hours ago
Thanks
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  309 People Browsing
 286 Signed Up Today
Start New Topic Take the Tour Study Tips Study ToolsNew Topics Trending Browse by Textbook
Related Images
  
 4241
  
 858
  
 663
Your Opinion
Which industry do you think artificial intelligence (AI) will impact the most?
Votes: 6
Previous poll results: Do you believe in global warming?