2 ms·
> a question of marginal cost/benefit, not total value. Uh... yes it is? Are "benefit" and "value" not synonyms here? I think you're confusing "value" with "p
by ajross 2y ago
> a question of marginal cost/benefit, not total value.
Uh... yes it is? Are "benefit" and "value" not synonyms here? I think you're confusing "value" with "profit" maybe? They may not be equal, but the denominator in "cost/benefit" is exactly what I'm talking about.
- s1artibartfast 2y agoYes, value and benefit are synonymous, but in reference to different objects/choices. There is the financial benefit that doing the work provides, and the financial benefit of paying more. The pre-cost benefit of having any worker might be $100. If you can get a worker for $10, the marginal benefit or paying $20 is negative $10.