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.
A. marginal cost of R&D exceeds the marginal benefit.
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