The president of a small business is provided with the following options to improve his company by a consulting. Based on the data provided, which option should he choose?   Cost (thousands of dollars) Benefit(thousands of dollars)   Option A 10 50   Option B 50 100   Option C   120 150   Option D 5 15   Option E 125 200       a) option A b) option B c) option C d) option D e) option E

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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  The president of a small business is provided with the following options to improve his company by a consulting. Based on the data provided, which option should he choose?

  Cost (thousands of dollars) Benefit(thousands of dollars)  
Option A 10 50  
Option B 50 100  

Option C

 

120 150  
Option D 5 15  
Option E 125 200  

 

 

a) option A

b) option B

c) option C

d) option D

e) option E

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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