The correct answer is profit maximization.
Profit maximization occurs at the highest point on the total profit curve, which is the point where the vertical distance between the total revenue curve and the total cost curve is greatest.
A manager seeking Blank______ will select the highest spot on the total profit curve that has the longest vertical distance between the total revenue curve and total cost curve.
Multiple choice question.
curve maximization
profit maximization
marginal optimization
average cost optimization
1 answer