Economics · Cost-Benefit Analysis
Arrange the steps of cost-benefit analysis in the correct order: (a) Discounting future costs and benefits (b) Identification of costs and benefits (c) Decision-making (d) Monetary valuation
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- 1(a) → (b) → (d) → (c)
- 2(b) → (a) → (d) → (c)
- 3(d) → (b) → (a) → (c)
- 4(b) → (d) → (a) → (c)✓
Correct answer
(b) → (d) → (a) → (c)
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