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3 November, 20:45

What encourages produces to reduce costs and increase revenues?

Question 15 options:

marginal analysis

the profit motive

opportunity costs

the production possibilities frontier

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Answers (2)
  1. 3 November, 21:21
    0
    What encourages produces to reduce costs and increase revenues? opportunity costs - the loss of potential gain from other alternatives when one alternative is chosen. "idle cash balances represent an opportunity cost in terms of lost interest"
  2. 3 November, 23:30
    0
    Answer: The Profit Motive

    Explanation:

    The quest for profit drives producers in a free-market system, and profit is calculated by subtracting costs from revenues. also, ya bois want $$$
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