Donna is trying to decide whether to pick the 60 tulips growing in her yard today or
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Donna is trying to decide whether to pick the 60 tulips growing in her yard today or let them grow for another 2 years, in which case they will multiply and more will be available to pick. If Donna's discount rate is 10 percent, at least how many tulips must be available in 2 years in order to justify her waiting until then to pick them?
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Related Book For
Environmental Economics And Natural Resource Management
ISBN: 9780415640954
4th Edition
Authors: David A. Anderson
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