Grade 6-8, 9-12
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Video
Decision Making/Cost-Benefit Analysis Video and Quiz
Updated: August 31 2023,
Author: barrel fan
Standards
![](https://econedlink.org/wp-content/uploads/legacy/EconEdLink-184-decision-makingcost-benefit-analysis.jpg 1w)
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]