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How to allocate limited resources to their best use is the very first and fundamental principle that you guys learn in a first course in
How to allocate limited resources to their best use is the very first and fundamental principle that you guys learn in a first course in both economics and finance. Explain how the concepts and techniques covered in the various topics in this course can help address the issue. [Hint: Think about how NPV, as an investment decision rule, addresses the efficient allocation of limited resources problem. Specifically, why an investment project being profit-making may still be value- destroying and result in misallocation of resources?]
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