Refer to Figure 8.8. If this farmer is producing the profit-maximizing level of output, her profit is

A) $0.
B) $2,800.
C) $3,000.
D) $12,000.

Profit-maximizing

The process or strategy of adjusting production and pricing to achieve the highest possible profit in a business.

Profit

The financial gain obtained when the revenue earned from business activities exceeds the expenses, costs, and taxes involved in sustaining the business.