Who Said, "What's Good for Me Is Good for All

question 69

Multiple Choice

Who said, "What's good for me is good for all shareholders"?

• A) The chairman of General Motors
• B) Jeff Dachis of Razorfish
• C) Bill Gates
• D) Sir Alfred Coke

---

Definitions:

MC

Marginal Cost, the cost incurred from producing one additional unit of a good or service.

AVC

Average Variable Cost refers to the variable costs (such as labor and materials) per unit of output produced.

MR Output

The output level where marginal revenue equals marginal cost, guiding firms in maximizing their profitability.

Price

The amount of money required to purchase a good, service, or asset.