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Refer to the Data

Question 13

Multiple Choice

Refer to the data. At $20 million of R&D expenditures, the A) marginal cost of R&D exceeds the marginal benefit. B) expected total return from R&D is at a maximum. C) interest-rate cost of funds is negative. D) marginal benefit of R&D exceeds the marginal cost. Refer to the data. At $20 million of R&D expenditures, the


A) marginal cost of R&D exceeds the marginal benefit.
B) expected total return from R&D is at a maximum.
C) interest-rate cost of funds is negative.
D) marginal benefit of R&D exceeds the marginal cost.

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