The cost-benefit principle indicates that an action should be taken - 11540

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  • From: , Microeconomics
  • Posted on: Sun 24 Jun, 2012
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The cost-benefit principle indicates that an action should be taken

  •  if the total benefits exceed the total costs.
  •  if the average benefits exceed the average costs.
  •  if the net benefit (benefit minus cost) is zero.
  •  if the extra benefit is greater than or equal to the extra costs.

 

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The cost-benefit principle indicates that an action should be taken