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Sarah has the utility function U(X,Y) =X.⁵Y.²⁵.When Sarah consumes X = 2 and Y = 6 she has a marginal rate of substitution of
Internal Rate of Return
An analytical tool in finance that determines the profit potential of investments by calculating the return rate at which the total cash flows from a specific project's net present value becomes zero.
Independent Projects
In finance, projects that do not affect each other's cash flows and can be pursued simultaneously without financial interference.
Differing Sizes
A term that refers to the variation in size among objects, items, or entities.
Discounted Payback Period
A capital budgeting method that calculates the time required to break even on an investment, considering the time value of money.
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