Explore BrainMass
Share

Explore BrainMass

    Cost-Benefit Analysis

    Synopsis of Chapter-3 of the textbook - Economics:The Essentials

    How the hypothesis of diminishing marginal utility is used to explain both the demand curve's negative slope and consumer surplus - a central concept in benefit-cost analysis; How small user charges can generate both large resource savings and small reductions in household utility; and How supply and demand analysis is used to