Asset Betas
PV(revenue)
B PV(asset)
PV(revenue)
B PV(variable^ cost)
PV(revenue)
B B PV(fixed^ cost)
variable cost asset
revenue fixed cost
= +
Asset Betas
PV(revenue)
B PV(asset)
PV(revenue)
B PV(variable^ cost)
PV(revenue)
B B PV(fixed^ cost)
variable cost asset
revenue fixed cost
= +