time and effort
time and effort
Rational
Rational
One type of cost-benefit analysis is cost minimization. This is where one determines the least costly alternative. Cost-of-illness analysis takes the economic impact of illness into account.
Maximizing benefits and minimizing costs.
time and effort
Time and effortTime and effort.
Rational
Producers do the same thing, though there are some important differences. For one thing, businesses consider benefits and costs just as a consumer does, but only the monetary costs and benefits are relevant to their calculations. Consumers often take into account non-monetary things when doing cost-benefit analysis.
Doing cost-benefit analysis
50
Rational
One type of cost-benefit analysis is cost minimization. This is where one determines the least costly alternative. Cost-of-illness analysis takes the economic impact of illness into account.
doing cost benefit analysis
Doing a cost-benefit analysis
Doing cost benefit analysis
Maximizing benefits and minimizing costs.