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Grade 3-5, 6-8, 9-12

Decision Making/Cost-Benefit Analysis Video and Quiz

Updated: July 12 2012,
Open Video

This video teaches the concepts of Decision Making and Cost-Benefit Analysis. Decision making refers to the process by which rational consumers seeking their own happiness or utility will make choices. Cost-benefit analysis is a technique for deciding whether an action should be taken by comparing its benefits and costs. [TRANSCRIPT]