What is the purpose of a cost-benefit analysis of a public good? Choose 1: A. to...
What is the purpose of a cost-benefit analysis of a public good?
Choose 1:
A. to determine how much consumers should pay for the good
B. to decide how much of the good the government should supply
C. to lay down rules about who will be allowed to consume the good
D. to document why the private sector is not supplying the good
E. to establish whether the good is excludable
Homework Answers
B. To decide how much of the good the government should supply.
The cost benefit analysis is also called as benefit cost analysis and is used as a technique for decision making process in the sector of public that is, when to provide a particular public good and how much of it to supply to the consumers.
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