In the Graph, the Difference Between Points a and B

question 110

Multiple Choice

In the graph, the difference between points a and b indicates that at $10M of R&D spending, the

• A)marginal cost is greater than the marginal benefit.
• B)marginal benefit is greater than the marginal cost.
• C)interest-rate cost-of-funds is equal to the expected rate of return.
• D)interest-rate cost-of-funds is greater than the expected rate of return.

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Definitions:

Colonization Society

A group or organization established in the early 19th century advocating for the migration of free African Americans to Africa; the American Colonization Society is a prime example.

William Lloyd Garrison

An American abolitionist who was prominent in the anti-slavery movement and is well known for founding and editing the abolitionist newspaper "The Liberator."

Free African-Americans

Individuals of African descent living in the United States who were not enslaved and had certain legal rights, particularly before the Civil War in both the North and the South.