Youngkfromdc32711 Youngkfromdc32711
  • 02-01-2020
  • Business
contestada

The point with the largest vertical distance between the total revenue and total costs represents the point at which:

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ahmedgodtrust
ahmedgodtrust ahmedgodtrust
  • 05-01-2020

Answer:

The point with the largest vertical distance between the total revenue and total costs represents the point at which production is maximized and profit is maximized                                          

Explanation:

Profit refers to the vertical distance between the total revenue  and total cost.  The largest vertical distance between the total revenue and total cost is the point at which production and profit are maximized.                    

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