An explanation of profit maximization (not just profit) from the approach of total revenue to total cost - this element should clearly explain where profit maximization exists from the approach of total revenue to total cost. When you use sources, include all in-text citations and references in APA format. MUST include APA formatted in-text citations with a corresponding reference list for any direct quotes or paraphrasing. It is not necessary to list sources that were consulted if they have not been quoted or paraphrased in the text of the paper or project.