Examlex
With regard to reducing incarceration,which of the following statements is true of the reform efforts across the United States?
Marginal Benefit
The enhanced happiness or advantage realized by consuming an extra unit of a product or service.
Optimal R&D
The most efficient level of investment in research and development activities that maximizes the potential for innovation and return on investment.
Expected-Rate-Of-Return
The predicted yield or profit from an investment over a specified period, considering the risks involved.
Diminishing Marginal Returns
A principle stating that as one input variable is increased, there is a point at which the marginal per unit output starts to decrease, holding all other inputs constant.
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