Question

What encourages produces to reduce costs and increase revenues?

Question 15 options:


marginal analysis


the profit motive


opportunity costs


the production possibilities frontier

Answer 1

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 $$$

Answer 2

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"