Question: What decision-maker would use benefit-cost analysis as a decision rule? That is, identify a decision-maker whose only interest is the total net benefits to society

What decision-maker would use benefit-cost analysis as a decision rule? That is, identify a decision-maker whose only interest is the total net benefits to society of an activity, not the distribution of those benefits. If you identify one (or more), explain why distribution is not important to them. If you cannot identify one, explain why benefit-cost analysis may not be a decision rule, and discuss whether a benefit-cost analysis might nevertheless be useful.

Step by Step Solution

3.42 Rating (161 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

Its very hard if not impossible to think of decisionmakers who rely only on a benef... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (1 attachment)

Word file Icon

853-B-E-E-P (1714).docx

120 KBs Word File

Students Have Also Explored These Related Economics Questions!