What Is Always True at the Quantity Where a Firm's

question 119

Multiple Choice

What is always true at the quantity where a firm's average total cost equals average revenue?

• A)The firm's revenue is maximised.
• B)The firm's profit is maximised.
• C)The firm breaks even.
• D)Marginal cost equals marginal revenue.

---

Definitions:

Accounts Receivable-P. Long

Amounts due to a company for goods or services delivered or used but not yet paid for by its customers, typically within a period longer than one year.

Dishonors

A term often related to financial instruments (like checks or promissory notes) that are not fulfilled as agreed upon, typically due to insufficient funds.

Collection Expected

This refers to the amount of money a business anticipates receiving from its customers who have purchased goods or services on credit.

Maturity Date

The date on which the principal amount of a loan, bond, or other financial instrument becomes due and payable.