Economics Today and Tomorrow, Student Edition
1st Edition
ISBN:9780078747663
Author:McGraw-Hill
Publisher:McGraw-Hill
Chapter10: Financing And Producing Goods
Section: Chapter Questions
Problem 16AA
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Question
Express the term benefits and costs in monetary units?
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Benefits and costs in monetary units are those costs and benefits of any investment or projects which are expressed in the money terms to compare them easily. The cost-benefit analysis compares the benefits and costs, where both costs and benefits are expressed in the monetary units (such as the dollar or any currency).
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