8. When a firm buys capital that generates revenues in the future, we need to discount the...
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8. When a firm buys capital that generates revenues in the future, we need to discount the revenues to take into account the fact that we earn it in the future.
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Principles Of Microeconomics
ISBN: 9780691150093
13th Global Edition
Authors: Karl E. Case, Ray C. Fair, Sharon E. Oster
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