What is true with profit maximization of the firm using the Total Revenue Total Cost approach? PLEASE EXPLAIN   A. The only requirement to find the optimal output that maximizes economic profit is that the difference between the total revenue and the total cost is the highest B. The total revenue should be lower than the total cost C. The total revenue should be higher than the total cost D. A and B are correct E. A and C are correct

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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What is true with profit maximization of the firm using the Total Revenue Total Cost approach? PLEASE EXPLAIN
 
A. The only requirement to find the optimal output that maximizes economic profit is that the difference between the total revenue and the total cost is the highest
B. The total revenue should be lower than the total cost
C. The total revenue should be higher than the total cost
D. A and B are correct
E. A and C are correct
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