Cost and benefit in economic example

Cost and benefit analysis is an attempt to estimate all expenses involved and possible profits to be derived from a business opportunity or proposal.

It takes into account both quantitative and qualitative factors. Benefits to costs ratio and other indicators are used to do the assessment and the objective is to ascertain the soundness of investment opportunities. Example: An entrepreneur is thinking about opening a coffee shop where lots of office workers pass by. The rent (cost) is $500.000 a month and the estimated income (benefit) is $3.000.000 a month. The location is very far from his home (cost) but he has developed good skills at customer service so it would be relaxing to provide office workers with some free enjoyable time drinking coffee (benefit). Benefits are much higher than costs so the project is cost/benefit effective.    

probably 3 since archeologists and historians don’t understand there writing.

hi there!

moors is essentially another word for muslims.

the moors invaded spain around year 700, during their time ruling spain the muslims promoted religious tolerance (moors tolerated jews who were viewed as outcasts by northerners), the moors as well had a great impact on their language, and architecture (palaces were created).

i hope this !