Question

How does a manufacturer set his or her total output to maximize profit?

A determine where marginal revenue and profit are the same
B determine the largest gap between total revenue and total cost
C setproduction so that total revenue plus costs is greatest
D set production at the point where marginal revenue is smallest

Answer 1

determine the largest gap between total revenue and total cost

Step-by-step explanation:

Answer 2

The correct answer is letter B.

Explanation: The cost function is available for expenses incurred for, production, or purchase, of any commodity or product.