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The use of NPV as an investment criterion is said to be more reliable than using IRR. Discuss potential problems with the use of IRR.
Business Economics, Economics
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Suppose the production function for a firm is given by: q=4L 0.75 K 0.25 . If the firm currently has 10 units of capital (K) and 10 units of labor (L), then calculate the Marginal Rate of Technical Substitution (MRT ...
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