Put the steps of the sample cost-benefit analysis below to show the correct order of this decision-making process.
First Step
See if the benefits outweigh the costs to make a decision.
11 Consider whether or not to spend money on a new car.
Calcul the amount of benefit that would be gotten from choosing
the option
1. Figure out how much it will cost to buy and operate a car.
Final Step

By 2020, automobile market analysts expect that the demand for electric autos will increase as buyers become more familiar with the technology. however, the costs of producing electric autos may increase because of higher costs for inputs (e.g., rare earth elements), or they may decrease as the manufacturers learn better assembly methods (i.e., learning by doing). what is the expected impact of these changes on the equilibrium price and quantity for electric autos?