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THE ECONOMISTS ARGUMENT
AN EVALUATION OF THE ECONOMISTS
B The Multiple Tangency Issue
4 other sections not shown
acceptable actual additional alternative amount analysis assumed assumption attractive borrowing capital budgeting cash flow stream company's compared comparison concerned consideration considered continuous convention cost criticisms curves decision rules decision-maker desirable determine difference disbursements discounted earned economic economists effect engineer equal estimates evaluated example expected fact fails Figure final financing finding future give given greater Hirshleifer ideas important included incremental indicate initial investment investment decisions investment proposals involved isoquants issue lending lending rate less means ment method necessary negative objectives occurs opportunities particular period positive cash flow possible preferable present worth problem productive productive opportunity profitability proposals question rate of interest rate of return reasons reinvestment represents result return approach significance situation solution solving rate stories Suppose surplus technique term treated true usually various vestment zero