Q19.7 In 1848, the idea of cost-benefit analysis originated with a French engineer by the name of

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Q19.7 In 1848, the idea of cost-benefit analysis originated with a French engineer by the name of Jules Dupuit. Economists argue that underlying calculations of costs and benefits must be based upon actual market behavior and not based upon consumer and producer surveys or 'informed estimates'. Why?

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Managerial Economics

ISBN: 1518

14th Revised Edition

Authors: Mark Hirschey

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