Which of the following statements is true?
A) A rational economic agent is not likely to optimize.
B) Cost-benefit analysis can also be used for normative economic analysis.
C) Cost-benefit analysis does not yield the same result as optimization analysis.
D) The net benefit of an option that costs $50 and provides a benefit of $100 is equal to $150.

Question

Quizplus · Accepted Answer

Cost-benefit analysis can be used for normative economic analysis, which involves making judgments about what ought to be. This approach helps in evaluating the desirability of a project or policy based on its costs and benefits, guiding decisions towards what is considered better or more desirable from a societal perspective.

Which of the Following Statements Is True