Total revenue; total cost. The required answer for the given question is option (C).
When marginal revenue MR and marginal cost MC are equal, profit is maximised. Producing one extra unit increases revenue above cost if MR exceeds MC. Producing one extra unit raises cost more than income if MC is higher than MR.
A business that seeks to maximise profits will hire employees based on their individual expenses and benefits. The company will enhance its profit by using more labour if the additional output produced by adding one more unit of labour increases total revenue more than total cost. When the price of the final production unit (margin income) equals the cost of generating the final unit of production, a manager optimises profit (marginal cost).
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