Question

To generate higher profits, producers must work to

o increase their total supply.
o increase their total expenses.
decrease their customer base.
O decrease their production costs.

Answer 1

Decrease their production cost

Explanation:

Profit = revenue - cost

If cost goes from, profit increases

Answer 2

decrease their production costs.

Explanation:

o increase their total supply. If we have more items, they would cost more and not increase the profits if the cost to produce them is greater or we do not sell all that are made

o increase their total expenses. if we increase expenses, we will not increase profits

decrease their customer base. If we have less customers, we have less people to sell to, so we will sell less products and have less income coming in, so our profits will decrease

O decrease their production costs. if it costs less to produce something and we sell it for the same price, we will make more money and increase our profits