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This document summarizes key concepts about evaluating public projects using the benefit-cost ratio method. It discusses how public projects are unique due to their large size, multiple purposes that may conflict, long time horizons, and political influences. The benefit-cost ratio is calculated as the discounted benefits divided by the discounted costs. A project is recommended if its benefit-cost ratio is greater than or equal to one. The document provides examples of calculating benefit-cost ratios and e

Author

Karl Pepon Ayala

Language

EN