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Cost-Benefit Analysis
A comparison of the marginal costs of a project or program with the marginal benefits to decide whether or not to employ resources in that project or program and to what extent.
Marginal Cost
The additional expense incurred from creating an extra unit of a product, emphasizing how production costs change with the level of output.
Marginal Benefit
The supplementary value or advantage gained by using or generating one more quantity of a good or service.
Marginal Benefits
The additional benefits or advantages gained from an increase in an activity or the consumption of a good or service.
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