To Maximize Profits, a Manager Must Select the Quantity of Output

question 31

Multiple Choice

To maximize profits, a manager must select the quantity of output that _______ .

• A)maximizes the difference between marginal revenue and marginal cost
• B)maximizes the difference between total revenue and total cost
• C)maximizes the difference between marginal revenue and total cost
• D)maximizes the difference between total revenue and marginal cost

---

Definitions:

RFP

Stands for Request for Proposal, a document issued to solicit proposals from potential suppliers or contractors as part of the procurement process.

Services

Activities or benefits provided by one entity to another, often without producing a tangible commodity.

Products

Goods or services that are created through a business process and offered to the market to satisfy consumer needs or wants.

Particular Date

A specific day identified by its unique combination of day, month, and year.