Respond whether you agree or disagree with each post A cost

Respond whether you agree or disagree with each post.

A cost benefit analysis is used to evaluate the total anticipated cost of a project compared to the total expected benefits in order to determine whether a proposed project is worthwhile for a business or an organization. The problem that the government faces when trying to perform a cost-benefit analysis is the inaccurate calculations. Human errors constantly result in common cost benefit analysis errors. It is difficult in practice to ascertain the costs and benefits to interested parties. The government must make an educated guess to know what appropriate amount level of a public good to provide.

The kind of problem that the government faces is that it must evaluate the benefits and costs to the public of such projects. But, it is difficult in practice to determine the true benefits and costs to interested parties. The interested parties have reason to overstate the true benefit or harm involved in order to influence the government’s decision. Eventually, the government must make an educated guess as to the correct level of a public good to provide

Solution

Answer:

Education guess means making conclusions and estimates based on previous knowledge or experience.

Yes we agree with both the post as through education guess we can estimate about the success and failure of projects by taking knowledge from the past experiences. We can make cost and benefit analysis not accurately but somewhat close. Education guess will help to conclude the correct level and amount of public goods we need to provide to public.