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Between 2011 and 2012, the Average Cost of a College

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Between 2011 and 2012, the average cost of a college education


Definitions:

Expected Rate of Return

An estimate of the profitability or yield of an investment, accounting for its potential risks and rewards.

Production Process

The method or sequence of operations involved in the conversion of raw materials into finished goods or services.

Added Profit

The additional income earned from an investment, project, or business activity after accounting for all costs and expenses.

Optimal R&D

The most efficient allocation of resources towards research and development activities to maximize innovation and return on investment.

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