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Which of the following describes the purpose of doing a cost-benefit analysis?

  • Question 14b of 25 - Cost-benefit analysis

  • Maximum Attempts: 1
  • Question Type: Multiple Choice
  • Maximum Score: 2
  • Question: Which of the following describes the purpose of doing a cost-benefit analysis?
  • Answers:
  1. To produce a spreadsheet predicting costs.
  2. To make a decision that maximizes benefits.
  3. To decide how much money to invest.
  4. To calculate the high and low price for a good.

The correct answer is: To make a decision that maximizes benefits. Cost-benefit analysis is useful when you want to get the most out of a decision.

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