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It is a simple technique that needs to be used to save money. It helps figure out if doing something or hiring someone new is going to be worth the money that is spent to do this process.

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Tyree Cassin

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4y ago

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Related Questions

Consumers use cost-benefit analysis in order to maximize what?

Consumers use cost-benefit analysis in order to maximize utility.


What consumers use cost-benefit analysis in order to maximize?

Consumers use cost-benefit analysis in order to maximize utility.


Consumers used cost- benefit analysis in order to maximize what?

Consumers use cost-benefit analysis in order to maximize utility.


Consumers use cost benefit in order to maximize what?

Consumers use cost-benefit analysis in order to maximize utility.


What is the purpose of using a cost benefit analysis?

You would use a cost-benefit analysis to see what the best approach would be to a problem. It helps you know what alternative is best in terms of effort, time, and cost.


Explain why its rational use the cost-benefit analysis?

It is a simple technique that needs to be used to save money. It helps figure out if doing something or hiring someone new is going to be worth the money that is spent to do this process.


Why does a producer of goods use a cost benefit analysis?

Because I don't know dude.


What is the last step of the cost benefit analysis?

Step 6--Use the Economic Analysis for Decision Making


What is an example of when to use cost-benefit analysis?

A community not-for-profit organization that provides a variety of programs for children might use cost-benefit analysis to assist management in determining which activities will provide the most services for the costs specified.


Economists use to estimate a resource's future economic value compared to its present value?

cost-benefit analysis


Explain why producers have a big incentive to use cost-benefit analysis and other tools of financial management?

Cost benefit analysis and other management tools will help businesses avoid problems. When they assess a situation on paper, they are able to see potential problems and avoid losing money.


Which among the following industries use cost benefit analysis while treating health and safety as an instrumental value?

insurance industry...