The Maximum Power Transfer Theorem states that maximum power is transferred from a source to a load when the load resistance equals the source resistance. For AC sources, maximum power transfer occurs when the load impedance is equal to the complex conjugate of the source impedance. The theorem aims to determine the load resistance RL that will consume the maximum power from the source. Some applications of the theorem include designing speaker systems to match the amplifier resistance, and matching the starter motor and battery resistances in a car engine.