Answered: If the benefit-cost ratio is 0.5, this…

If the benefit-cost ratio is 0.5, this means: a. benefit is 50% more than its cost b. benefit is unjustifiable by 50 % c. cost is higher twice than benefit d. the cost is half of the benefit

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter10: Financing And Producing Goods

Section10.1: Investing In The Free Enterprise System

Problem 2R

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Question

If the benefit-cost ratio is 0.5, this means:

a. benefit is 50% more than its cost

b. benefit is unjustifiable by 50 %

c. cost is higher twice than benefit

d. the cost is half of the benefit

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