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In: Economics

d. You work for Mr. Elon Musk and he has asked you to explain how his...

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.

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