In the context of finding optimal choices in economics, the point at which total revenue exceeds total cost the most significantly is referred to as the point of _____.

In economics, the point at which total revenue exceeds total cost the most significantly is called the point of maximum profit. This is important because businesses want to earn as much money as possible after covering all their expenses. To find this point, a company analyzes its revenues and costs to see where the difference is the largest. For example, if a bakery sells cupcakes for $3 each and has costs of $1 per cupcake, the bakery will want to sell enough cupcakes to maximize the difference between what they earn and what they spend. By identifying where their profits are highest, businesses can make better decisions about pricing and production.