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Refer to the Data

Question 49

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Refer to the data. At $100 million of R&D expenditures, the A) marginal cost of R&D exceeds the marginal benefit. B) marginal benefit of R&D exceeds the marginal cost. C) expected rate of return from R&D is negative. D) firm has exceeded its affordable level of R&D. Refer to the data. At $100 million of R&D expenditures, the


A) marginal cost of R&D exceeds the marginal benefit.
B) marginal benefit of R&D exceeds the marginal cost.
C) expected rate of return from R&D is negative.
D) firm has exceeded its affordable level of R&D.

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