Cost-Effectiveness Analysis Assumes That _______

question 13

Multiple Choice

Cost-effectiveness analysis assumes that _______.

• A) the outcome is desirable
• B) the marginal benefit is greater than the marginal cost
• C) resources are unlimited
• D) there are no indirect costs
• E) new technology is preferable to old technology

Understand the concept of marginal cost and its calculation.

Comprehend the law of diminishing marginal returns and its impact on production.

Analyze production tables and graphs to determine total product and marginal product.

Distinguish between different types of costs, such as total cost, average cost, and marginal cost.

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