=+5. Equation (15.5) (page 568) shows the net present value of an investment in an electric motor

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=+5. Equation (15.5) (page 568) shows the net present value of an investment in an electric motor factory. Half of the $10 million cost is paid initially and the other half after a year.

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Microeconomics

ISBN: 9781292081977

8th Global Edition

Authors: Robert S. Pindyck, Daniel L. Rubinfeld

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