Jeremiah's High End Handbags pays Facebook $$1\mathrm{.}25$ for every consumer who clicks on their ad$.$ Last year $274,600$ consumers clicked on the company's ad and approximately $22\%$ followed through with a purchase. Jeremiah receives an average of $$750$ for each handbag.

Jeremiah will be better off to keep his price at $$750$ since he will generate more revenue and make fewer handbags.

True

False