419,771 views
37 votes
37 votes
Why is using a cost- benefit analysis a good idea before making an economic decision

User DMac The Destroyer
by
2.3k points

1 Answer

24 votes
24 votes

Answer:

Because if the projected benefits outweigh the costs, you could argue strongly that the decision is a good one to make.

Step-by-step explanation:

A cost-benefit analysis is the process of comparing the projected or estimated costs and benefits (or opportunities) associated with a project decision to determine whether it makes sense from a business perspective

User Kyle Lin
by
3.2k points