4 ms·
Not necessarily. If the 2B in sales is highly volatile, and/or requires a lot of equity investment, you might rationally prefer the 1T in sales if the latter is
by rlucas 11y ago
Not necessarily. If the 2B in sales is highly volatile, and/or requires a lot of equity investment, you might rationally prefer the 1T in sales if the latter is highly stable (utility) and highly leveraged (tiny amount of equity).
Otherwise: agreed that these things are rarely reduceable to a single scalar (amount of profit).