A firm's total profit is generally at a maximum when total revenue is at a maximum.

Name: A firm's total profit is generally at a maximum when total revenue is at a maximum.
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Quizplus · Accepted Answer

Total profit is maximized when the difference between total revenue and total costs is the greatest, not necessarily when total revenue is at its maximum. Total revenue being at its maximum does not account for the costs associated with generating that revenue.

A Firm's Total Profit Is Generally at a Maximum When