=+e. You win the honest million jackpot. You can have $1 million today or $60,000 per year

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=+e. You win the “honest million” jackpot. You can have

$1 million today or $60,000 per year for eternity (a right that can be passed on to your heirs). Which do you prefer?

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Microeconomics

ISBN: 9781292081977

8th Global Edition

Authors: Robert S. Pindyck, Daniel L. Rubinfeld

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