Cost-efficiency evaluates marginal benefits in relation to

Name: Cost-efficiency evaluates marginal benefits in relation to
Brand: Quizplus
Rating: 4.8 (51 reviews)

Question

Quizplus · Accepted Answer

Cost-efficiency evaluates the marginal benefits in relation to marginal costs, meaning it looks at the additional benefits gained for each additional cost incurred. This helps to determine if the benefits are worth the cost and whether resources are being used efficiently. Marginal safety, flat of the curve, and outcomes are not directly related to cost-efficiency.

Cost-Efficiency Evaluates Marginal Benefits in Relation to