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Title: In general, a profit-maximizing firm will purchase a unit of capital as long as its purchase price is Post by: ericayi on Oct 9, 2022 In general, a profit-maximizing firm will purchase a unit of capital as long as its purchase price is
▸ non-negative. ▸ no more than the present value of the stream of marginal revenue product generated by the capital. ▸ less than its present marginal revenue product. ▸ equal to the present value of the stream of marginal revenue product generated by the capital. ▸ no less than the present value of the stream of marginal revenue product generated by the capital. Title: In general, a profit-maximizing firm will purchase a unit of capital as long as its purchase price is Post by: chemcal on Oct 9, 2022 Content hidden
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