Which of the following is a way that profit-maximizing and loss-minimizing are the same?

multiple choice 1

They both mean that price must equal or exceed AVC.

They both mean increasing production until total revenue equals total cost.

They both mean increasing production until marginal revenue equals marginal cost.

They both mean that marginal revenue must equal or exceed ATC.

can you do both please?

Which of the following is a way that profit-maximizing and loss-minimizing are different?

multiple choice 2

Profit maximization involves marginal values while loss-minimizing involves average values.

Profit maximization involves average total values while loss-minimizing involves average variable values.

Only profit maximization involves increasing production until marginal revenue equals marginal cost.

Loss-minimizing involves the shut down condition that price must equal or exceed AVC.