Figure 24-3 
-Refer to Figure 24-3. Which of the points in the above graph are possible long-run equilibria?
Definitions:
Taxable Income
The portion of an individual's or corporation's income used to determine how much tax is owed to the government.
Internal Rate
An implied interest rate that equates the present value of an investment's expected future cash inflows to its initial cost.
Investment Proposals
Formal suggestions or plans put forward for consideration, aimed at initiating a financial investment.
Discount Rate
The discount rate applied in the evaluation of the present value of future cash flows in discounted cash flow analysis.
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