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
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Question

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The point where TR (Total Revenue) - TC (Total Cost) is greatest is the point of maximum profit, which occurs where Marginal Cost (MC) equals Marginal Revenue (MR), according to economic theory. This is because at this point, the cost of producing one more unit is exactly balanced by the revenue it generates, optimizing profit.

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