Cost-benefit principles can be applied to the decision of:

Cost-benefit principles can be applied to the decision of profit maximizing firm. To maximize profits a organization needs to first collect data about the market such as prices, consumer demand and production costs and calculate a efficient way to make money. A simple way to look at profit maximizing is to take the total costs a organization spent and subtract it from the total revenue, which will give you their profit.

Ibelieve it would be choice a ($24,630)