When Total Revenue Is at a Maximum

question 113

Multiple Choice

When total revenue is at a maximum

• A)average revenue is zero.
• B)marginal revenue is zero.
• C)price is at a maximum.
• D)quantity sold is at a maximum.

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Definitions:

Accounts Receivable

Unpaid customer balances for goods provided or services rendered by a business.

Sales Revenue

Funds received by a company for products sold or services delivered.

Purchases Journal

A financial record keeping a chronological list of all purchases made by a business, especially on credit.

General Ledger

A comprehensive record of all financial transactions that occur within a company, used to compile financial statements.