Question
IRR is a rate at
whichSolution
IRR or the internal rate of return is the rate at which present value of Cash Inflows = present Value of Cash Outflows. OR this can also be written as PV of Inflows/PV of outflows = 1 or NPV (i.e. PV of inflows-PV of outflows) = 0
If r xy = 0, then:
In the basic Solow model of growth
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A two-person zero-sum game means that the
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