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I have solution for the attached question. But I don't understand part of the solution which is mentioned in the following para. Would you please
I have solution for the attached question. But I don't understand part of the solution which is mentioned in the following para.
Would you please clarify me why we need to set up EAC of light bulb A is equal to EAC of light bulb B to calculate break even cost per kilo-watt.
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Modern Portfolio Theory and Investment Analysis
Authors: Edwin Elton, Martin Gruber, Stephen Brown, William Goetzmann
9th edition
9781118805800, 1118469941, 1118805801, 978-1118469941
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