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COST-BENEFIT ANALYSIS econedlink/lessons/index.php?lid=347&type=educator

COST-BENEFIT ANALYSIS http://www.econedlink.org/lessons/index.php?lid=347&type=educator. WHAT IS COST BENEFIT ANALYSIS?. A process of examining the advantages (benefits) and disadvantages (costs) of each available alternative in arriving at a decision. WHY USE COST BENEFIT ANALYSIS?.

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COST-BENEFIT ANALYSIS econedlink/lessons/index.php?lid=347&type=educator

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  1. COST-BENEFIT ANALYSIS http://www.econedlink.org/lessons/index.php?lid=347&type=educator

  2. WHAT IS COST BENEFIT ANALYSIS? A process of examining the advantages (benefits) and disadvantages (costs) of each available alternative in arriving at a decision.

  3. WHY USE COST BENEFIT ANALYSIS? IT IS ONE OF THE MOST USEFUL TOOLS FOR INDIVIDUALS, BUSINESSES, AND GOVERNMENTS WHEN THEY NEED TO EVALUATE THE RELATIVE WORTH OF ECONOMIC CHOICES.

  4. HOW DO WE USE COST BENEFIT ANALYSIS? OFTEN TIMES WE MAKE A GRID TO HELP US SEE WHAT WE ACTUALLY GAIN AND LOSE WHEN WE MAKE A CHOICE. WE ARE GOING TO USE THE BELOVED TAIL OF THE THREE LITTLE PIGS TO LEARN HOW TO DO THIS.

  5. LOST HIS HOUSE; WAS EATEN BY THE WOLF LOTS OF TIME TO PLAY LESS TIME TO PLAY; LOST HIS HOUSE; WAS EATEN BY THE WOLF DECENT HOUSE; GOOD AMT. OF TIME TO PLAY REALLY NICE HOUSE; DID NOT LOSE HOUSE; WAS NOT EATEN NO TIME TO PLAY

  6. MARGINAL COST: THE COST OF USING ONE MORE UNIT OF A GOOD OR SERVICE MARGINAL BENEFIT: THE BENEFIT OR SATISFACTION OF USING ONE MORE UNIT OF A GOOD OR SERVICE LET’S TAKE A LOOK…

  7. PICKING APPLES

  8. EXAMPLE

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