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ECON MACRO 5th Edition by William McEachern
Edition 5ISBN: 978-1305631946ECON MACRO 5th Edition by William McEachern
Edition 5ISBN: 978-1305631946 Exercise 3
(Optimal Investment) Look at the exhibit above. If the operators of the golf course revised their revenue estimates so that each cart is expected to earn 5 percent less, how much would they invest in carts if the market interest rate is 8 percent? How much would they invest if the interest rate is 3 percent?
Explanation
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Given that the market interest rate is 8...
ECON MACRO 5th Edition by William McEachern
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