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Which of the following results from the fact that costs and ben…

  • Question 15a of 25 - Cost-benefit analysis

  • Maximum Attempts: 1
  • Question Type: Multiple Choice
  • Maximum Score: 2
  • Question: Which of the following results from the fact that costs and benefits are based on personal preferences?
  • Answers:
  1. Different types of information lead to the same decision.
  2. Monetary factors are more important than nonmonetary factors.
  3. Both monetary and non-monetary factors are taken into account.
  4. The benefits will always be greater than the costs.

The correct answer is: Both monetary and nonmonetary factors are taken into account. There are many factors that go into a person's calculation of costs and benefits.

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