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The rule in investing is that you should invest in a project as long as the economic cost you incur today is less than or
The rule in investing is that you should invest in a project as long as the economic cost you incur today is less than or equal to the present value of the future payments for the project. This rule utilizes which key principle of economics?
real-nominal principle
principle of diminishing returns
principle of voluntary exchange
marginal principle
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