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What is costbenefit analysis? What are the steps involved in using costbenefit analysis to make ...
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What is costbenefit analysis? What are the steps involved in using costbenefit analysis to make ...
What is costbenefit analysis? What are the steps involved in using costbenefit analysis to make the optimal choice?
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Macroeconomics
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Acemoglu, Laibson, List
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Costbenefit 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.
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this is exactly what I needed
deathDoUsPart
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