Trimester Corporation's Revenue for the Year Ended December 31,2008,was as Follows

question 39

Multiple Choice

Trimester Corporation's revenue for the year ended December 31,2008,was as follows: Trimester has a reportable operating segment if that segment's revenue exceeds:

• A)$65,500
• B)$60,000
• C)$64,500
• D)$61,000

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Definitions:

Profit-maximizing Quantity

The level of output at which a company makes the highest profit, where marginal cost equals marginal revenue.

Profit-maximizing Price

The pricing strategy where a firm sets the sale price of its products to achieve the highest possible profit.

Profit-maximizing Price

The price level at which a company can sell its product to achieve the highest possible profit, based on costs, demand, and competition.

Ameritech

A telecommunications company that was one of the Regional Bell Operating Companies following the breakup of AT&T.