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Cost is the cash outflow of some activity to achieve higher cash inflow from some activity. Cash outflow is called the cost while cash inflow is called the benefit from specific activity. If cash inflow is morethan cash outflow then it is said that activity has more benefit then it's cost.
What else can I help you with?
What is the difference between expired cost and unexpired cost?
expired cost - benefit has been received unexpired cost- benefit may or may not be received
What is the different between expired cost and unexpired cost?
expired cost - benefit has been received unexpired cost- benefit may or may not be received
What is an optimum conditions?
the balance between benefit and cost with the largest difference.
If you have total cost and total benefit how do you get marginal cost and marginal benefit?
Marginal cost is total cost/quantity Marginal benefit is total benefit/quantity
What is opportunity cost and opportunity benefit?
Opportunity cost is the cost that an opportunity presents. The opportunity benefit is the benefit of the opportunity that is being presented.
What characterizes cost-benefit analysis?
Cost-benefit analysis is rational.
When will a cost benefit analysis be done?
when will a cost benefit analysis be done
What is the relationship between marginal cost and benefit in decision-making processes?
The relationship between marginal cost and benefit in decision-making processes is that individuals or businesses should continue an activity as long as the marginal benefit exceeds the marginal cost. This means that the additional benefit gained from one more unit of an activity should be greater than the additional cost incurred. By comparing these two factors, decision-makers can determine the optimal level of output or resource allocation.
What is the difference between a cost and a benefit?
Cost is the cash outflow of some activity to achieve higher cash inflow from some activity. Cash outflow is called the cost while cash inflow is called the benefit from specific activity. If cash inflow is morethan cash outflow then it is said that activity has more benefit then it's cost.
What is the difference between cost and benefits when referring to an environmental project?
One has to see benefit and cost as opposing terms. For example, a benefit can be any advantage, gain, or profit whereas a cost is the opposite; it can be a disadvantage, a loss, or an expense. Basically, they refer to what the project can get or what it can lose. Hope this helps! :)
What is the equation of net benefit?
The equation for net benefit is: Net Benefit = Total Benefit - Total Cost
How would you describe savings in the context of a cost-benefit analysis?
In another example, cost savings is a benefit.
