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Profit maximization does not always lead to wealth maximization because it does not consider the riskiness of the cash flows. it does not consider the
Profit maximization does not always lead to wealth maximization because
- it does not consider the riskiness of the cash flows.
- it does not consider the timing of the cash flows.
- it does not consider the expected future cash flows.
- all of these are correct 0 pts 0pts
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Economics
Authors: Roger A. Arnold
12th edition
978-1305758674, 1305758676, 978-1285738321
