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fix some more typos in guide
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jdebacker committed Nov 22, 2024
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6 changes: 3 additions & 3 deletions docs/book/content/CCC_guide.md
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Expand Up @@ -38,7 +38,7 @@ r^{'}_{m,j}-\pi = f_{m,j}\left[i-\pi\right] + (1-f_{m,j})E_{j},
where $f_{m,j}$ represents the fraction of the marginal investment financed with debt by firms in industry $m$ and of tax entity type $j$.

In addition to the cost of capital, the `Cost-of-Capital-Calculator` reports two related measures:
* The user cost of capital (ucc): $ucc_{i,m,j} = \rho_{i,m,j} + delta_{i}$
* The user cost of capital (ucc): $ucc_{i,m,j} = \rho_{i,m,j} + \delta_{i}$
* The tax wedge, which is the difference between the before tax rate of return (which is equivalent to the cost of capital for marginal investments) and the after-tax return top savings. The tax wedge = $\rho_{i,m,j}-s_{m,j}$

(sec:METR)=
Expand Down Expand Up @@ -86,14 +86,14 @@ where $phi$ are the fraction of inventories that use FIFO accounting and $\rho_{

```{math}
:label: eqn:inventory_fifo
\rho_{FIFO} = \frac{1}{Y_v} log(\frac{e^{(Y_v} - u_{j}}{(1 - u_{j})} - \pi,
\rho_{FIFO} = \frac{1}{Y_v} ln \left(\frac{e^{rY_v} - u_{j}}{(1 - u_{j})} \right) - \pi,
```

and

```{math}
:label: eqn:inventory_lifo
\rho_{LIFO} = \frac{1}{Y_v} log(\frac{e^{(r_{m,j}-\pi)Y_v} - u_{j}}{(1 - u_{j})} - \pi,
\rho_{LIFO} = \frac{1}{Y_v} ln \left(\frac{e^{(r_{m,j}-\pi)Y_v} - u_{j}}{(1 - u_{j})} \right) - \pi,
```

where $Y_{v}$ is the average number of years that inventories are held.
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