Cost-Benefit Analysis
AP Microeconomics · Flashcards
AP MICROECONOMICS · FLASHCARDS
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QUESTION
Find the net benefit: costs $400, benefits $600.
QUESTION
Calculate net benefit with costs of $250 and benefits of $325.
QUESTION
If costs are $500 and benefits are $450, should you proceed?
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ANSWER
No, since costs exceed benefits. Negative net benefit means the decision destroys value.
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