To generate higher profits, producers must work to increase their total supply. increase their total expenses. decrease their customer base. decrease their production costs.

Question

Business

Anabel Morse

27 July, 06:18

To generate higher profits, producers must work to increase their total supply. increase their total expenses. decrease their customer base. decrease their production costs.

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Answers (2)

Know the Answer?

Reese Bowen · Answer 1

Answer: D

Explanation: i just took the test

Tiara Aguilar · Answer 2

decrease their production costs.

Explanation:

One of the basic reasons why producers produce goods is to generate profit. Higher profits comes from a decrease in production costs or an increase in sale revenue.

When the costs associated with producing goods is to high, it will eat deep into the profit that should have been made by the producers and vice versa.

An increase in total supply means more goods are produced and supply to consumers which does not necessarily translate to higher profit. Increasing total expenses will altimately reduce profit while same applies to decrease in customer base.