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1 vote
What encourages produces to reduce costs and increase revenues?

Question 15 options:


marginal analysis


the profit motive


opportunity costs


the production possibilities frontier

User Mghicks
by
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2 Answers

4 votes

Answer: The Profit Motive

Step-by-step 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 $$$

User Tiago Alves
by
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5 votes

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"

User AwesomeHunter
by
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