Concept
Version 18
Created by Boundless
The Goals of a Business
Profit Maximization
This chart depicts profit maximization using the totals approach, where TR = Total Revenue and TC = Total Cost. The profit-maximizing output level is represented as the one at which total revenue is the height of C and total cost is the height of B; the maximal profit is measured as CB.
Source
Boundless vets and curates high-quality, openly licensed content from around the Internet. This particular resource used the following sources:
"Profit max total small."
http://commons.wikimedia.org/wiki/File:Profit_max_total_small.svg
Wikimedia
CC BY-SA.