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Q: Utilitarianism weighing social costs and benefits?
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Why is weighing costs and benefits useful for decision makers?

Weighing the costs and benefits of a potential decision can help someone see all of the possible outcomes of that decision.


How do lawmakers make good environmental decisions?

By weighing the costs and benefits of an environmental issue


What are the social and environmental costs and benefits to space clothing?

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What are the social and environmental costs and benefits becoming an astronaut?

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What are the social and environmental costs and benefits of living on the moon?

wireless access and cost of ship gas


How do externalities cause market failure?

Externalities can cause market failure if the full social costs and social benefits of production and consumption are not taken into account.


What are the differences between social cost benefit analysis and financial analysis?

Benefit-cost analysis determines whether the direct social benefits of a proposed project or plan outweigh its social costs over the analysis period. Such a comparison can be displayed as either the quotient of benefits divided by costs (the benefit/cost ratio), the difference between benefits and costs (net benefits), or both. A project is economically justified if the present value of its benefits exceeds the present value of its costs over the life of the project. Financial Analysis. The objective of financial analysis is to determine financial feasibility (that is, whether someone is willing to pay for a project and has the capability to raise the necessary funds). A financial analysis answers questions such as, Who benefits from a project? Who will repay the project costs, and are they able to meet repayment obligations? Will the beneficiaries be financially better off compared to what they will be obligated to pay?


What was an argument of dove against the Vietnam War?

The costs of victory outweighed the benefits.


How is market failure cause environmental degradation?

It is when the private marginal benefits or costs are not equal to social marginal benefits cost. Therefore, result could be likely market failure.


What has the author Thomas A Klein written?

Thomas A. Klein has written: 'Social costs and benefits of business' -- subject(s): Cost effectiveness, Externalities (Economics), Industries, Social aspects, Social aspects of Industries


What were some of the costs and benefits of explorers and sponsors?

the costs and benefits was a chance of finding riches


What were some of the costs and benefits of expeditions for expedition?

the costs and benefits was a chance of finding riches