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Why is using a cost- benefit analysis a good idea before making an economic decision

1 Answer

5 votes

Answer:

Because if the projected benefits outweigh the costs, you could argue strongly that the decision is a good one to make.

Step-by-step explanation:

A cost-benefit analysis is the process of comparing the projected or estimated costs and benefits (or opportunities) associated with a project decision to determine whether it makes sense from a business perspective

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User Piotr Jaszkowski
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