Business
Textbooks
Boundless Business
Introduction to Business
What Is a Business?
Business Textbooks Boundless Business Introduction to Business What Is a Business?
Business Textbooks Boundless Business Introduction to Business
Business Textbooks Boundless Business
Business Textbooks
Business
Concept Version 18
Created by Boundless

The Goals of a Business

Profit Maximization

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.

Related Terms

  • corporation
  • stakeholder
  • corporate social responsibility (CSR)
  • Subjects
    • Accounting
    • Algebra
    • Art History
    • Biology
    • Business
    • Calculus
    • Chemistry
    • Communications
    • Economics
    • Finance
    • Management
    • Marketing
    • Microbiology
    • Physics
    • Physiology
    • Political Science
    • Psychology
    • Sociology
    • Statistics
    • U.S. History
    • World History
    • Writing

    Except where noted, content and user contributions on this site are licensed under CC BY-SA 4.0 with attribution required.