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Kiyaa Kiyaa
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A year ago
Suppose a piece of capital equipment offers its last MRP of $40 000 in one year, after which it is valueless. At an annual interest rate of 8%, a profit-maximizing firm would be willing to buy this unit of capital if its purchase price is

▸ above $40 000.

▸ above $40 000, but only at a higher interest rate.

▸ below $40 000.

▸ below $37 037.

▸ above $37 037.
Textbook 
Microeconomics

Microeconomics


Edition: 17th
Author:
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BAGrinderBAGrinder
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A year ago
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Kiyaa Author
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A year ago
Thanks
Kstan109
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Yesterday
Thanks for your help!!
kamikazekota
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2 hours ago
This site is awesome
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