Stating That Marginal Revenue Equals Price Is Equivalent to Saying

question 117

True/False

Stating that marginal revenue equals price is equivalent to saying that marginal cost equals price for the profit maximizing quantity.

---

Definitions:

Dividends

Earnings distributed to a company's shareholders, commonly as a profit disbursement.

Fees Earned

Income received for services provided, often used in professional and consulting business models.

Supplies

Items used in the operation of a business, often consumable, like stationery, raw materials, or maintenance supplies.

Utilities Expense

The cost incurred by businesses for basic services such as water, electricity, gas, and telecommunications.