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Sagot :
The correct option is (a) willingness to pay.
- Comparing the anticipated or predicted costs and benefits (or opportunities) connected with a project choice in order to assess whether it makes sense from a business standpoint is known as a cost-benefit analysis.
- The maximum sum of money a consumer will spend on an additional commodity or service is known as the marginal benefit.
- As spending rises, customer contentment tends to decline.
- The difference in price caused by producing an extra unit of a good or service is known as the marginal cost.
What is economic benefit?
Economic benefits are defined as concrete advantages that can be quantified in terms of money saved or income earned as a result of the application of policies.
Learn more about Economists convert costs and benefits https://brainly.com/question/15583202
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