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What best identifies the reason why producers try to minimize costs and maximizes revenue?
Wiki User
∙ 6y ago
In simple terms... profit ! The bigger the difference in the cost of producing something - to the retail price... the higher the profit margin.
Wiki User
∙ 6y ago
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What identifies the reason why producers try to minimize costs and maximize revenue?
The profit Motive
Which of the following identifies the reason why producers try to minimize costs an maximize revenue?
the profit motive
Why do producers try to minimize costs and maximize revenue?
The profit motive
What do the profit motive motivates producers to do in a free market system?
Minimize costs and maximize revenue.
In a free market system the profit motive motivates producers to do?
Minimize costs and maximize revenue.
What identifies the reason why producers try to minimize costs and maximize revenue?
The profit Motive
Which identifies the reason why producers try to minimize costs and maximize revenue?
The profit motive.
Which of the following identifies the reason why producers try to minimize costs an maximize revenue?
the profit motive
Why do producers try to minimize costs and maximize revenue?
The profit motive
What does profit motive push producers to do?
Minimize cost and maximize revenue
What do the profit motive motivates producers to do in a free market system?
Minimize costs and maximize revenue.
In a free market system the profit motive motivates producers to do?
Minimize costs and maximize revenue.
A company is maximizing profit when marginal revenue?
A company maximizes profits when marginal revenue equals marginal costs.
What revenue control measures can be applied to minimize leakages?
Non- revenue water can control minimize leakage. This is a type of business.
Explain why producers have to have the profit motive?
Every producer must make a profit in order to remain in business. Without profits, businesses disappear.
What will pay workers at a level that maximizes the company?
Is it A) Costs B) Taxes C) Profits D) Marginal Revenue
A producers profits are maximized when marginal costs are?
equal to marginal revenue
