Question

Identify the profit maximizing point in graph B

Answer 1

Explanation:

Graphically, profit is the vertical distance between the total revenue curve and the total cost curve. This is shown as the smaller, downward-curving line at the bottom of the graph. The maximum profit will occur at the quantity where the difference between total revenue and total cost is largest.

Answer 2

grαphícαl prσfít íѕ thє vєrtícαl díѕtαncє вєtwєєn thє tσtαl rєvєnuє curvє αnd thє tσtαl cσѕt curvє. thíѕ íѕ ѕhσwn αѕ thє ѕmαllєr, dσwnwαrd - cσvєríng línє αt thє вσttσm σf thє grαph..

thє mαхímum prσfít wíll σccur αt thє quαntítч whєrє thє díffєrєncє вєtwєєn tσtαl rєvєnuє αnd tσtαl cσѕt íѕ lαrgєѕt..