What are all the different ways the profit maximizing level of output can be described?

Answer:

The profit maximizing level of output occurs where MR$=$MC$,$ which means that the slope of the total revenue curve total cost curve.

$$ the slope of the

At that point total revenue exceeds total cost by the greatest amount, or in other words, the vertical distance between total revenue and total cost is the greatest.

Where the vertical distance between total revenue and total cost is the greatest, that's where total profit is maximized and at that point marginal profit is zero.

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