Which term refers to the profits that a firm receives from investing in a new technology?
a. Private benefits
b. Social benefits
c. Private externalities
d. Positive externalities
a. Private benefits
Private benefits are the profits that a firm receives from investing in a new technology.
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A cash item in the process of collection is
A) a U.S. Treasury bill that has matured, but for which the bank has not yet received payment. B) a car loan payment that is due but not yet received by the bank. C) a check drawn against another bank, from whom the funds have not yet been collected. D) currency that has been deposited in the bank, but not yet formally counted and entered into the bank's balance sheet.
If the MU/P for video rentals is 5 and the MU/P for movie theaters is 8, this person should go to movie theaters more often and rent fewer videos
Indicate whether the statement is true or false