0
Which of the following identifies the reason why producers try to minimize costs an maximize revenue?
Updated: 4/28/2022
Wiki User
∙ 12y agoBest Answer
the profit motive
Wiki User
∙ 12y agoThis answer is:
Add your answer:
Earn +20 ptsQ: Which of the following identifies the reason why producers try to minimize costs an maximize revenue?
Write your answer...
Submit
Still have questions?
Continue Learning about Economics
What identifies the reason why producers try to minimize costs and maximize revenue?
The profit Motive
In a free market system the profit motive motivates producers to do which of the following?
minimize costs and maximize revenues
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 revenues.
Related questions
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.
The profit motive motivates producers to do which of the following in marketing goats?
Minimize costs and maximize revenues
In a free market system the profit motive motivates producers to do which of the following?
minimize costs and maximize revenues
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 revenues.
In a free market system the profit motive motivates producers to do?
Minimize costs and maximize revenue.
What is the opposite of minimize?
Maximize
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.
How do households maximize utility?
Minimize usage.
Copyright ©2024 Infospace Holdings LLC, A System1 Company. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Answers.