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Which of the capital budgeting methods is the best?
Price
The quantity of money presumed, demanded, or presented in exchange for a product.
Income
The total earnings obtained by an individual or entity from various sources, including work, investments, and transfers, over a specific period.
Budget Line
A visual schematic of all possible pairings of two items that are purchasable with a predetermined budget at stable prices.
Utility Function
A mathematical representation of how individual preferences can be quantified in terms of utility, reflecting satisfaction or happiness from consuming goods or services.
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