The Valuation Principle shows how to make the costs and benefits of a decision comparable so that we can evaluate them properly.

Name: The Valuation Principle shows how to make the costs and benefits of a decision comparable so that we can evaluate them properly.
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The Valuation Principle is a tool that helps to put costs and benefits of different alternatives into comparable terms, so that we can analyze and evaluate them properly. It is a fundamental concept of economics and decision making.

The Valuation Principle Shows How to Make the Costs and Benefits