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A movement from state A to state B must be desirable in terms of the Kaldor-Hicks criteria but a return from B to A should not be an improvement on these criteria.
(a) IRR should be greater than Social Discount Rage
(b) NPV should be equal to zero
(c) Shadow prices are used for calculation of benefits and costs
Choose the most appropriate option for those given below :
NPV should be positive and greater than zero.