Fixed Assets Include

question 66

Multiple Choice

Fixed assets include

• A) land.
• B) copyrights.
• C) contingency funds.
• D) goodwill.

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Definitions:

Marginal Social Benefit

The additional benefit to society from one more unit of a good or service being produced and consumed.

Marginal Social Cost

The additional cost incurred by society as a whole from producing one more unit of a good or service, including both private costs and any externalities.

Pollution

The introduction of harmful substances or products into the environment, causing adverse effects.

External Benefit

A positive effect experienced by a third party due to an economic transaction they were not directly involved in.