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Is reciprocal altruism an oxymorom?
No; because altruism is behavior that incurred a cost to the actor and benefits the recipient. This can be reciprocal; for example I will cook dinner for you (here there is a cost to me and a benefit to you) if you walk my dog for me (here there is a cost to you and a benefit to me).
What is the term for a bond's interest divided by its cost?
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How do you calculate cost price into percentage?
Cost price divided by selling price then multiply by 100 Eg. Cost price £5 divided by selling price £20 equals £0.25, multiplied by 100 equals 25%
What is formula of food cost calculation?
Cost of goods less inventory divided by Gross Food Sales
What is mathmatic formula for food cost calculation?
Cost Of Food __________ Food Sales Cost of Food Divided by Food sales will give you a decimal amount which you can then convert to a percentage. example: $25,780 Cost of Food Divided by $64,575 Food Sales= .399225 or 39.9% then rounded to 40%
If you have total cost and total benefit how do you get marginal cost and marginal benefit?
Marginal cost is total cost/quantity Marginal benefit is total benefit/quantity
What is opportunity cost and opportunity benefit?
Opportunity cost is the cost that an opportunity presents. The opportunity benefit is the benefit of the opportunity that is being presented.
What characterizes cost-benefit analysis?
Cost-benefit analysis is rational.
When will a cost benefit analysis be done?
when will a cost benefit analysis be done
What is the different between expired cost and unexpired cost?
expired cost - benefit has been received unexpired cost- benefit may or may not be received
What is the difference between expired cost and unexpired cost?
expired cost - benefit has been received unexpired cost- benefit may or may not be received
How would you describe savings in the context of a cost-benefit analysis?
In another example, cost savings is a benefit.
Social cost benefit analysis?
Summary Social cost/benefit: sum of all private costs/benefit. Social welfare analysis: involves optimising social outcomes based on cost/benefit. Optimal occurs: where marginal social cost (MSC) = marginal social benefit (MSB) Is used for: cost of economic choices, policies, initiatives, etc. Longer Explanation Social cost-benefit analysis is also known as 'welfare analysis' and is very similar to normal firm optimisation models. Essentially, social cost and benefit usually involve a private producer or consumer and a public provider or public demand. In these cases, the private cost/benefit of the private actor differs from the social cost/benefit. A social cost/benefit is simply the sum of all costs and benefits of all private actors. Cost is represented on a cost-quantity axis as a positively-sloped function (linear or higher power) and benefit is a negatively-sloped function. Their optimisation occurs where the derivatives of cost and benefit (marginal social cost; marginal social benefit) are equal. This point is where profit/social welfare is greatest.
The strength and weakness of social cost benefit analysis technique?
the strangth and weaknesses ofsocial cost benefit analysis
How are drugs divided up by the law?
To benefit the elite
Consumers use cost benefit in order to maximize what?
Consumers use cost-benefit analysis in order to maximize utility.
What describes the purpose of using cost-benefit analysis?
to make decisions that maximize benefitsThe purpose of using cost-benefit analysis is to determine the options that provide the best approach for the practice and adoption in terms of cost savings, time and labor. The cost benefit analysis is also called a benefit cost analysis.To make decisions that maximize benefits
