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borishaifa [10]
3 years ago
13

In a perfectly competitive​ market, all of the following statements are true​ except: A. Marginal revenue is the same as price.

B. Marginal revenue is equal to price times quantity. C. The marginal revenue curve is the same as the demand curve facing sellers. D. Marginal revenue is the change in total revenue associated with producing one more unit of output.
Business
1 answer:
Rashid [163]3 years ago
6 0

Answer: Marginal revenue is equal to price times quantity

Explanation:

A perfectly competitive market is a market where there's a large number of both the producers and the consumers have full and symmetric information.

In a perfectly competitive​ market, the marginal revenue is the same as price and the marginal revenue curve is the same as the demand curve facing sellers.

It should be noted that the statement that the marginal revenue is equal to price times quantity is incorrect. The total revenue is equal to price times quantity.

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5 0
3 years ago
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Answer:

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In line with the general accounting rules, all expenses must be debited. Therefore, the interest expense has to be debited.

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Therefore, we have:

The required adjusting entry would be to debit the Interest <u>expense</u> account and <u>credit</u> the Interest<u> </u><u>payable</u> account.

6 0
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zmey [24]

Answer:

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3 years ago
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