In Perfect Competition,additional Sales Will Be Profitable If ________

question 9

Multiple Choice

In perfect competition,additional sales will be profitable if ________.

• A) the marginal cost is less than marginal revenue
• B) sales price exceeds the variable product cost
• C) total variable cost is less than sales price
• D) the fixed cost equals the contribution margin

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Definitions:

Probate

A legal process through which a deceased person's will is validated, and their assets are distributed according to the will or state law if there's no will.

Intestate

The condition of having died without having made a valid will, leading to the distribution of assets according to state laws.

Real Property

Land and anything permanently attached to it, such as buildings, trees, and minerals, distinguished from personal property.

Domicile

A place where a person lives or has his home; in a strict legal sense, the place where he has his true, fixed, permanent home and principal establishment, and to which place he has, whenever he is absent, the intention of returning.