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Why Is It Considered "Ideal" for Price to Just Equal

question 91

Essay

Why is it considered "ideal" for price to just equal marginal cost?


Definitions:

Effective-Interest Method

A way of calculating the amortized cost of a bond and of allocating interest expense over the bond's life, reflecting the actual interest rate earned.

Discount on Bonds Payable

The difference between the face value of a bond and its selling price, when sold for less than its face value.

Amortization

The process of spreading out a loan or intangible asset cost over a specific period of time for accounting and taxation purposes.

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