Social Cost-Benefit Analysis - Economics Discussion
https://www.economicsdiscussion.net/cost/social-cost-benefit/social-cost-benefit-analysis/18889
The objective function of CBA is the establishment of net social benefit (NSB) which can be expressed as NSB = Benefits – Costs. There are four benefit-cost criteria. They are ‘В — С/I’, ‘∆В /∆С’, ‘В — С’ and ‘B/C’, where В and С refer to benefits and costs respectively, I relates to direct investment and Δ is incremental or marginal.
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