when making a decision, what does a cost - benefit analysis help a person do? example: if youre deciding…
when making a decision, what does a cost - benefit analysis help a person do? example: if youre deciding whether to buy a car, you might compare the cost of gas, insurance, and payments (costs) with the freedom and convenience of having your own transportation (benefits). decide how much money to spend only on entertainment. compare the possible costs and benefits before making a choice. predict how the stock market will perform in the future. avoid making any financial decisions altogether.
Answer
Brief Explanations:
Cost - benefit analysis helps in decision - making by comparing the costs and benefits of different options. In the context of buying a car, it allows one to weigh expenses like gas, insurance, and payments against benefits such as freedom and convenience of transportation. By comparing possible costs and benefits before making a choice, a more informed decision can be made.
Answer:
Compare the possible costs and benefits before making a choice