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ID:14259829
大小:140.50 KB
页数:32页
时间:2018-07-27
《外文翻译--公允价值的利率施行》由会员上传分享,免费在线阅读,更多相关内容在行业资料-天天文库。
1、外文翻译--公允价值的利率施行本科毕业论文设计外文翻译外文出处NewYorkCity外文作者AlfredMKing原文FAIRVALUEFORRATEPURPOSESInconsideringfairvalueforratepurposesitisimportanttobearinmindthatthedeterminationoffairvalueisapartoftheprocessofdeterminingareasonablerateofchargeThecontentoffairvaluemay
2、thereforedependlargelyonourconceptionofwhatconstitutesratereasonablenessItwillaidtoaclearerdeterminationofthisintricateproblemifforthemomentweforget"fairvalue"andconcentrateourattentiononthefundamentalsofareasonablerateofchargeBy"reasonablerate"ashereused
3、wemeanthereasonablenessoftheratescheduleasawholeandnottheadjustmentofthevariousspecificratesthatgotomakeupthecompleteratescheduleItisthetotalpriceorcompensationcollectedfromthepublicforitsentireserviceratherthanthepriceforanyparticularserviceorclassofserv
4、icesAreasonablerateofchargeinthissenseofareasonableratescheduleisaratethatgivesthecompanyreasonablecompensationfortheentireservicewhichitrendersthepublicWhatthenisreasonablecompensationinthecaseoftheappropriateandnormallysuccessfulpublicutilityenterprises
5、ReasonablecompensationishereequivalenttothenormalcostofproductionWhatotherbasiscantherebeforthedeterminationofafairpriceinthecaseofavirtualmonopolyIfacommoditycanbefreelyandquicklyproduceditsmarketpricewillfollowquitecloselyitscostofproductionThismustbeso
6、becauseundertheassumedconditionstherecouldbenoreasonforpayingmorethanthecostofproductionIfacommoditymaybefreelyproducedbutonlybyspeciallytrainedworkmenalargefixedinvestmentandgreatbusinessrisksthecostofproductionwillstillinthelongruntendtolimitmarketprice
7、ItisclearthattheproductionofaparticularcommoditywillnotbepermanentlycarriedonunlessthepricereceivedcoversallthecostsofproductionUnderfreecompetitionitisalsoclearthatapricehigherthanthatnecessarytocoverspecialriskinterestprofitsandoperatingexpenseswillbrin
8、gnewcapitalintotheindustryandthusbringthepricedowntothecostofproductionForafreelyproducedcommoditythereforeapricethatdoesnotconformtocostofproductionisnotastableornormalpriceInastaticsocietywithperfectlyfreecompetit
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