In: Economics
d. You work for Mr. Elon Musk and he has asked you to explain
how his company can determine its optimal level of R&D
spending.
i. Please explain the general concept of optimal level
of R & D spending ii. List and explain the marginal
cost and marginal benefit components 1. You have a good list of
items in the slide set — just need to provide explanations of the
items.