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RDP 8501: Neoclassical Theory and Australian Business Investment: A Reappraisal
Equation (3)
π
(
p
I
,
p
C
,
x
K
,
x
N
)
=
max
y
I
,y
C
[
p
I
y
I
+
p
C
y
C
:
(
y
I
,
y
C
,
x
K
,
x
N
)
ε
T
:
y
I
,
y
C
≥
0
]
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