What does the cost-benefit principle state?

A. that consumers should only demand goods that benefit them

B. that businesses should only supply goods that benefit consumers

C. that an action should be taken if the benefit of taking it is less than the cost

D. that an action should be taken if the benefit of taking it is greater than the cost

Question

Business

Andrews

2 August, 19:14

What does the cost-benefit principle state?

A. that consumers should only demand goods that benefit them

B. that businesses should only supply goods that benefit consumers

C. that an action should be taken if the benefit of taking it is less than the cost

D. that an action should be taken if the benefit of taking it is greater than the cost

+4

Answers (1)

Know the Answer?

Lorena Lin · Answer 1

I think the correct answer from the choices listed above is option D. The statement that would best describe cost-benefit principle would be that an action should be taken if the benefit of taking it is greater than the cost. Hope this answers the question. Have a nice day.