44.0k views
1 vote
The cost-benefit principal states that

The cost-benefit principal states that-example-1

1 Answer

5 votes

Cost-benefit principle would state that you would only take an action if the benefit outweighs the cost.

For example: It may cost me $5 to drive to work, but I make $50 for showing up, I would go because the benefit I get outweighs the cost and I am better off going than staying at home.

User Haim Evgi
by
5.8k points