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Anonymous

5y ago

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Did the benefits outweigh the costs?

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Can all Opportunity costs be evaluated using a cost benefit analysis?

Not all opportunity costs can be effectively evaluated using a cost-benefit analysis, as this method relies on quantifiable data and may overlook qualitative factors. Some opportunity costs involve subjective values, such as personal satisfaction or emotional well-being, which are difficult to measure. Additionally, the future benefits of certain choices may be uncertain or difficult to predict, complicating the analysis. Therefore, while cost-benefit analysis is a useful tool, it has limitations in capturing the full scope of opportunity costs.


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What were some of costs and benefits of expeditions for explorers and sponsors?

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