The social benefit of a contingency-fee system is that plaintiffs will be encouraged to seek justice. The disadvantage of a contingency-fee system is that lawyers may end up getting large salaries for only a few hours of work.
It was 5.8%.
to minimize cost
The benefits of a voice over IP phone system is the cost. The cost is a lot less, as the system uses the Internet instead of traditional phone lines.
Better start working on this one yourself.hhjhjhjhj
Cost Effectiveness Efficiency Reliable
Yes, if it didn't no country would convert.
It is when the private marginal benefits or costs are not equal to social marginal benefits cost. Therefore, result could be likely market failure.
There was no cost of living adjustment (COLA) in 2010 or 2011; benefits will continue being paid at the same rate as in 2009.
Thomas A. Klein has written: 'Social costs and benefits of business' -- subject(s): Cost effectiveness, Externalities (Economics), Industries, Social aspects, Social aspects of Industries
The social benefits of additional regulation exceed the social costs of the added regulation Aplia SUCK$ ;)
It doesn't cost anything to get social security disability. It can take some time to be approved for the benefits, but if you truly need them you do have the right to try and get them.
Summary Social cost/benefit: sum of all private costs/benefit. Social welfare analysis: involves optimising social outcomes based on cost/benefit. Optimal occurs: where marginal social cost (MSC) = marginal social benefit (MSB) Is used for: cost of economic choices, policies, initiatives, etc. Longer Explanation Social cost-benefit analysis is also known as 'welfare analysis' and is very similar to normal firm optimisation models. Essentially, social cost and benefit usually involve a private producer or consumer and a public provider or public demand. In these cases, the private cost/benefit of the private actor differs from the social cost/benefit. A social cost/benefit is simply the sum of all costs and benefits of all private actors. Cost is represented on a cost-quantity axis as a positively-sloped function (linear or higher power) and benefit is a negatively-sloped function. Their optimisation occurs where the derivatives of cost and benefit (marginal social cost; marginal social benefit) are equal. This point is where profit/social welfare is greatest.