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A UFO Is

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A UFO is


Definitions:

Marginal Cost

The expense incurred from manufacturing an extra unit of a product or service.

Hotelling Rule

An economic theory that predicts how the price of a non-renewable resource should rise over time, balancing between resource depletion and the interest rate.

Interest Rate

The cost of borrowing money or the return on investment, expressed as a percentage of the principal amount per time period.

NPV

Net Present Value, a financial metric that calculates the difference between the present value of cash inflows and outflows over a period of time.

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