_____ maximization is identified as the point at which the additional revenue gained by increasing the price of a product equals the increase in total costs.
A)Profit
B)Volume
C)Sales
D)Market share

Question

Quizplus · Accepted Answer

Profit maximization is identified as the optimal point where additional revenue gained by increasing product price equals the increase in total cost. This point allows a business to maximize their profits without losing customers due to high prices. Volume, sales, and market share are not directly related to this concept.

_____ Maximization Is Identified as the Point at Which the Additional