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Which of the following best describes the kinds of decisions th…

  • Question 15c of 25 - Cost-benefit analysis

  • Maximum Attempts: 1
  • Question Type: Multiple Choice
  • Maximum Score: 2
  • Question: Which of the following best describes the kinds of decisions that result from using cost-benefit analysis?
  • Answers:
  1. An outcome that is rational if only monetary costs and benefits are included.
  2. A maximum amount of profit for both producers and consumers.
  3. A high sale price for producers and low buying price for consumers.
  4. An outcome with benefits that are greater than the costs.

The correct answer is: An outcome with benefits that are greater than the costs. Cost-benefit analysis is an attempt to maximize benefits.

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