Total Profit Is Maximized at the Output Level at Which

question 35

Multiple Choice

Total profit is maximized at the output level at which the:

• A) vertical distance between the total revenue curve and the total cost curve is maximized.
• B) total cost and total revenue curves intersect.
• C) area between the total revenue and total cost curves is greatest.
• D) vertical distance between the total revenue and total cost curves is minimized.

---

Definitions:

Service

The action of helping or doing work for someone, often refers to intangible goods offered by businesses.

Excellent

A term used to describe something of very high quality.

Quantitative Data

Information that can be measured and written down with numbers, including any data that is about numeric variables.

Numeric

Relating to, consisting of, or denoting numbers, often used to describe data types that can be quantified and manipulated mathematically.