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What are the various ways in which the value of time is imputed in benefit cost-analysis? What is the purpose of discounting? What do firms

What are the various ways in which the value of time is imputed in benefit cost-analysis?

What is the purpose of discounting? What do firms in the private sector often use to estimate present values? What is meant by the social discount rate and how does this differ from the discount rates used in the private sector?

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