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What encourages produces to reduce costs and increase revenues?


Question 15 options:


marginal analysis


the profit motive


opportunity costs


the production possibilities frontier

Respuesta :

shoddy1

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"

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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