To calculate the ________ of an alternative,an individual needs to estimate ________ of the alternative.
A) marginal benefit; the total cost
B) marginal cost; the total benefit
C) opportunity cost; the total benefit
D) net benefit; both the cost and the benefit

Question

Quizplus · Accepted Answer

Net benefit calculation requires estimating both the costs and benefits associated with an alternative to determine its overall value.

To Calculate the ________ of an Alternative,an Individual Needs to Estimate