List all the costs of the situation side by side

Reference no: EM132655792

Instructions:

Cost-Benefit Analysis or benefit-cost analysis involves adding up all the benefits of a course of action, and then comparing these with the costs associated with it. Take not that benefit means the gains or the positive effects of the action, while cost means the losses or negative effects.

Problem 1: To do the cost-benefit analysis, list all the benefits and all the costs of the situation side by side and compare using your utmost judgment. Since we cannot use numerical values for this activity to solve for the cost-benefit ratio, use your neutral judgment to assess which is more equitable in its impact.

Reference no: EM132655792

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