Respuesta :
Answer:
The answer is: In the short run, a purely competitive firm that seeks to maximize profit will produce where total revenue exceeds total cost by the maximum amount.
Explanation:
Total revenue is the total receipts a seller can obtain from selling goods or services to buyers. It can be written as P × Q, which is the price of the goods multiplied by the quantity of the sold goods.
Total cost is an economic measure that sums all expenses paid to produce a product, purchase an investment, or acquire a piece of equipment including not only the initial cash outlay but also the opportunity cost of their choices.
Therefore, if the revenue the company recieves is greater that the amount of money invested (total cost) it's profit will maximize.
