As it relates to R&D, the expected-rate-of-return curve, r:
a. usually slopes upward.
b. shows the cost of financing various levels of R&D.
c. varies in location depending on the location of the interest-rate-cost-of-funds curve, i.
d. represents the marginal benefit element in the MB = MC decision framework.
Answer: d. represents the marginal benefit element in the MB = MC decision framework.
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