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Which of the following is the first step while carrying out capital budgeting process?
Verbs
Words that describe actions, states, or occurrences in sentences.
Nouns
Words that name people, places, things, or ideas.
Marginal Cost Curve
A graphical representation showing how the marginal cost of production varies with the quantity of output produced.
Demand Curve
A visual depiction that illustrates the correlation between a product's price and the amount consumers are willing to buy.
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