Which of the Following Best Describes the Collection Float

question 40

Multiple Choice

Which of the following best describes the collection float?

• A) how long it takes the firm to receive the check after the customer has mailed it
• B) how long it takes the firm to process the check and deposit it in the bank
• C) how long it takes before the bank gives the firm credit for the funds
• D) how long it takes for a firm to be able to use funds after a customer has paid for its goods

Calculate the profit-maximizing level of output and price for a monopolist using demand and cost data.

Explain the conditions under which a monopolist will realize economic profits or losses.

Compare the profit maximization conditions between a pure monopolist and pure competition.

Understand the Progressive view on liberty and its constraints.