Final answer:
The target objective for maximizing profitability in a business is to determine the level of output or production that will result in the highest profit.
Step-by-step explanation:
The target objective for maximizing profitability in a business is to determine the level of output or production that will result in the highest profit. It is not necessarily the number of cars washed per day, as this would depend on the type of business and its specific costs and revenue.
To maximize profitability, a business needs to consider its marginal revenue and marginal cost. Marginal revenue is the additional revenue gained from producing and selling one more unit of a product, while marginal cost is the additional cost incurred to produce and sell one more unit.
The profit-maximizing level of output is where marginal revenue equals marginal cost. This is because producing one more unit of a product should bring in additional revenue that is equal to or greater than the additional cost of producing that unit, resulting in an increase in profit.