The quantity where TR-TC is the greatest is also the quantity where

Name: The quantity where TR-TC is the greatest is also the quantity where
Brand: Quizplus
Rating: 4.8 (50 reviews)

Question

Quizplus · Accepted Answer

The point where TR (Total Revenue) - TC (Total Cost) is greatest is the point of maximum profit, which occurs where the slopes of the TR and TC curves are equal, indicating the marginal revenue equals marginal cost. This does not necessarily mean that TR is at its maximum or TC is at its minimum, nor does it imply that TC equals TR at this point.

The Quantity Where TR-TC Is the Greatest Is Also the Quantity