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The Need for CostBenefit Analysis
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accounting prices accounting rate agricultural allowance alternative appraisal argument arise assumed assumption average balance of payments border prices calculation capital Chapter commodity considered consumers consumption weights conversion factor cost-benefit analysis costs and benefits decisions demand developing countries discussed domestic production economy effect employment equal estimate example exchange rate expected expected value expenditure export external firm foreign exchange foreign investment future implies important increase indirect taxes industry inputs and outputs labour less marginal product market prices measure ment method non-traded normally numeraire particular perfect competition planners planning possible price mechanism private sector probably problem project analysis project evaluation project selection public sector rate of interest reason reduce relative result rupees savings shadow prices shadow wage rate social cost social profit social value subsidies sumption supply suppose tariffs taxation tion traded uncertainty uncommitted social income urban worth