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The government is considering a project that would cost

This is a "Cost Benefit Analysis" question:

1. The government is considering a project that would cost $50,000 to build now, and would provide a benefit to citizens of $10,000 per year for the next 6 years. Someone says: "This project pays for itself after 5 years, so the benefits clearly outweigh the costs." Do you agree with this person's reasoning? Why or why not?

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Business Economics: The government is considering a project that would cost

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