Anonymous

What does optimal quantity mean?

Tue, Oct 2022
Anonymous Tue, Oct 2022

Optimal Quantity refers to the amount of an item or service that will result in the highest net gain for the company, hence it is pertinent to the goal of the company.

Because profit maximization refers to the quantity of the good or service that will generate the greatest profit for the company, while cost-minimization refers to the quantity of the good or service that will generate the least cost for the company, this clarifies the distinction between the two strategies.

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