That is when Japan surrendered!!
Different economic principles usually guide the choices that people make. For instance, the tradeoffs, the process of making a decision has to pass through various steps before choosing exactly what you want.
For example, one person goes to purchase a specific item; one has to consider the value price of the thing that is to be bought and that which should be ignored.
This means that it is essential to fulfilling the needs before meeting the undesired. Therefore, the cost is a crucial principle when making an economic decision.
Vas happenin!!
1. -A
2. - B
Hope this helps
-Zayn Malik
The main goal of the usage of the Cost-Benefit Analysis, is to reach to a conclusion on whether a project is profitable or not.
- Comparing expected or estimated costs and benefits (or opportunities) connected with a project choice in order to assess if it makes sense from a business perspective is the process of a Cost-Benefit Analysis.
- The name of the technique refers to its two components.
- It involves being aware of the price and comparing the benefit to that price.
- It determines whether a project is feasible by comparing the cost and benefit to see how much the benefit outweighs the cost.
From the above, the main goal of the Cost-Benefit Analysis is clear.
Learn more about Cost-Benefit Analysis here:
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