Assertion: firm's revenue | /r/HasProperty | equal
Facets:
value: to the price
type: OTHER
value: at this point
type: TEMPORAL
value: to the average cost
type: OTHER
Source sentences:
text: Because the firm can sell as much as it can produce at the market price, the marginal revenue for each unit sold is equal to the price, and the average revenue is also equal to the price, as every unit costs the same, so when you divide the total revenue by the number of units sold, you get the price.
text: Because the firm can sell as much as it can produce at the market price, the marginal revenue for each unit sold is equal to the price, and the average revenue is also equal to the price, as every unit costs the same, so when you divide the total revenue by the number of units sold, you get the price.
text: At this point because the average revenue (price) is equal to the average cost, there is zero profit.