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teyodani teyodani
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A year ago
Suppose a roofing contractor is considering the purchase of an additional truck at a price of $35 000. He expects the discounted MRP of the truck in Year 1 to be $7000, in Year 2 to be $6000, in Year 3 to be $5000, after which he can sell the truck at a present value of $14 000. This contractor should

▸ buy the truck because its marginal cost is less than its marginal revenue.

▸ not buy the truck because its present value is less than its purchase price.

▸ not buy the truck because its marginal cost is greater than its marginal revenue.

▸ buy the truck because its present value is more than its purchase price.

▸ be indifferent about the purchase because its present value is approximately equal to its purchase price.
Textbook 
Microeconomics

Microeconomics


Edition: 17th
Author:
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studyinnursestudyinnurse
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A year ago
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teyodani Author
wrote...

A year ago
Smart ... Thanks!
kc123
wrote...

Yesterday
Good timing, thanks!
DaiwalkerX
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2 hours ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
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