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An Indirect Cost Rate Is the Percentage of a Project's

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An indirect cost rate is the percentage of a project's indirect costs to its direct costs and is a standardized method of charging individual projects for their share of indirect costs.


Definitions:

Market-Determined Quantity

The quantity of a good or service established through the interaction of supply and demand in a marketplace.

Coal Mine Pollution

Environmental damage caused by the mining and processing of coal, including air and water pollution.

Marginal Social Benefit

The extra benefit that society receives from consuming an additional unit of a good or service.

Production Process

The sequence of operations or steps taken to produce a good or deliver a service.

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