Balancing the Costs and Benefits of a Good or Service

question 113

Multiple Choice

Balancing the costs and benefits of a good or service is called

• A)cost minimization.
• B)cost-benefit analysis.
• C)marginal revenue analysis.
• D)profit maximization.
• E)average benefit analysis.

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Definitions:

Talus

Tarsal bone contributing to the ankle.

Sphenoidal Sinus

Air-filled cavities located within the sphenoid bone, behind the eyes and under the brain, part of the human sinuses.

Frontal Sinus

Air-filled cavities in the skull, located above the eyes within the frontal bone, which lighten the skull and resonate the voice.

Ethmoidal Sinus

Air-filled spaces located within the ethmoid bone between the nose and eyes, part of the paranasal sinuses.