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What identifies the reason why 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.
Which of the following identifies the reason why producers try to minimize costs an maximize revenue?
the profit motive
In a free market system the profit motive motivates producers to do?
Minimize costs and maximize revenue.
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.
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.
What do the profit motive motivates producers to do in a free market system?
Minimize costs and maximize revenue.
Which of the following identifies the reason why producers try to minimize costs an maximize revenue?
the profit motive
In a free market system the profit motive motivates producers to do?
Minimize costs and maximize revenue.
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.
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?
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 is motive considered an incentive in a market system?
Minimize costs and maximize revenues.
A producers profits are maximized when marginal costs are .?
equal to marginal revenue
A producers profits are maximized when marginal costs are?
equal to marginal revenue
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