Examlex
Which of the following is the lesser amount?
Marginal Cost
The outlay required to produce another unit of a product or service.
Marginal Benefit
The additional benefit to a consumer from consuming one more unit of a good or service.
R&D Expenditures
Costs associated with research and development activities undertaken by a company to innovate or improve products or processes.
Marginal Cost
The incremental cost involved in manufacturing an additional unit of a good or service.
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