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family income, parents level of education, and ranking of the school the person attends

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Q: Which helps to determine a person's socioeconomic status?
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Continue Learning about Economics

What best characterizes the factors involved in the cost benefits analysis?

Comparative analysis helps make a comparative assessment of all the benefits you anticipate from your project and all the costs to introduce the project, perform it, and support the changes resulting from it. It also helps decide whether to undertake a project or decide which of several projects to undertake. It also helps to determine options that provide the best approach to achieve benefits while preserving savings. It is a tool to determine an investment decision.


What is a business firm's marginal cost?

Marginal cost, which is the cost of producing one more unit of output, helps determine the level at which profits will be maximized.


What best characterizes the factors involved in a cost-benefit analysis?

Comparative analysis helps make a comparative assessment of all the benefits you anticipate from your project and all the costs to introduce the project, perform it, and support the changes resulting from it. It also helps decide whether to undertake a project or decide which of several projects to undertake. It also helps to determine options that provide the best approach to achieve benefits while preserving savings. It is a tool to determine an investment decision.


What is the advantage of benefit cost analysis?

Advantages and disadvantages of benefit cost ratio


What is the Importance of aggregate supply curve?

¨helps to ascertain the true status of macroeconomic value within a country because it includes : ¨Variables associated with the performance of an economy as a whole. ¨more value for finished goods which is a clear indicator of a healthy economy. ¨Aggregate supply also helps to pinpoint net increases or decreases from one period to the next

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