4. The most important dimension of capital is that it exists through time. Therefore, its value is...
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4. The most important dimension of capital is that it exists through time. Therefore, its value is only as great as the value of the services it will render over time. We use discounting to ascertain the value of these future revenues.
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Related Book For
Principles Of Microeconomics
ISBN: 9780691150093
13th Global Edition
Authors: Karl E. Case, Ray C. Fair, Sharon E. Oster
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