1.12. My uncle just bought 1,000 shares of Microsoft, one of the largest and most profitable companies...

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1.12. “My uncle just bought 1,000 shares of Microsoft, one of the largest and most profitable companies in the United States. Given Microsoft’s high profit rate, he will make a bundle from this purchase.”

Evaluate this statement. Is it necessarily true?

Explain.

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Microeconomics Private And Public Choice

ISBN: 9780538754330

13th Edition

Authors: James D. Gwartney

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Question Posted: Oct 25, 2024 01:03 AM

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1.12. My uncle just bought 1,000 shares of Microsoft, one of the largest and most profitable companies...

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Microeconomics Private And Public Choice

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