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What is your opportunity cost of being enrolled in our ECON-102 class? Explain the cost-benefit analysis and give examples.
What does "discounting" the future mean? Why might the conclusions of cost-benefit analysis be sensitive to different discount rates?
In a cost-benefit analysis, a current investment to mitigate future damage would appear cheapest at which of the following discount rates:
a. 5%
b. 0%
c. 15%
