Total Profit Is Maximized

question 197

Multiple Choice

Total profit is maximized

• A)where the difference between total revenue and total cost is greatest.
• B)at that output level where marginal revenue equals average cost.
• C)where total revenue is at a maximum.
• D)at the point where all variable costs are covered.

---

Definitions:

Know

To be aware of through observation, inquiry, or information; to have knowledge or understanding of something.

News

Information about recent events or happenings, especially as reported by newspapers, websites, radio, or television.

Suppose

To assume or consider something to be true without proof.

They're

A contraction of "they are" used as a subject pronoun followed by the verb "to be" in its plural form.