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Explain whether a firm's decisions are optimal if economic profit is (a) positive, (b) zero, or (c) negative.
Present Value
Today's value of a future financial amount or series of cash disbursements, based on an agreed-upon rate of return.
Discount Rate
The discount rate applied to project the present value of future cash flows from a financial instrument.
Invest
Committing financial resources with the hope of income or profit generation.
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