If choosing the optimal production level is to maximizing profit as selecting the best route is to minimizing travel time, then what is the key factor that must be considered in both scenarios?

The key factor that must be considered in both choosing the optimal production level to maximize profit and selecting the best route to minimize travel time is efficiency. In production, efficiency means using resources like materials and labor in the best way possible to produce the most goods at the lowest cost. Similarly, when choosing a travel route, efficiency involves finding the quickest path that avoids unnecessary delays and saves time. For example, a factory might analyze how many products it can make with the least waste of materials, while a traveler might use a map app to find the fastest way to reach a destination without getting stuck in traffic. By focusing on efficiency, both scenarios aim to achieve the best outcome with the least amount of wasted effort or resources.