The cost-benefit principle evaluates _____ costs and benefits, and willingness-to-pay considerations evaluate _____ costs and benefits.
A)both monetary and nonmonetary; only nonmonetary
B)only monetary; both monetary and nonmonetary
C)only nonmonetary; only monetary
D)both monetary and nonmonetary; only monetary

Question

Quizplus · Accepted Answer

The cost-benefit principle evaluates both monetary and nonmonetary costs and benefits, while willingness-to-pay considerations evaluate only monetary costs and benefits.

The Cost-Benefit Principle Evaluates _____ Costs and Benefits, and Willingness-To-Pay