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19 September, 12:02

In cost benefit analysis why must there be a single common unit?

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  1. 19 September, 12:09
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    In a cost benefit analysis, you have to have a common unit so that you are able to make a comparison. As the old saying goes, it is hard to compare apple to oranges. To know if a product is worth the investment, we must use money as a common unit for comparison's sake.
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