Profits, Entry and Exit: the Basis for the 'Invisible Hand
5 important questions on Profits, Entry and Exit: the Basis for the 'Invisible Hand
The economic theory of business behavior is built on the main assumption that:
Economic profit (or supernormal profit/excess profit) is:
In economics 'economic rent' (or simply rent) is:
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The present value of money is:
So: PV = M/(1+r)^T
The efficient market hypothesis is:
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