To generate higher profits, producers must work to:
A. increase their total supply.
B. increase their total expenses.
C. decrease their customer base.
D. decrease their production costs.
Answer (2)
Producers can generate higher profits by focusing on ways to decrease their production costs. This can include streamlining operations, bulk purchasing, and outsourcing various production tasks. Increasing total expenses or decreasing their customer base usually does not lead to higher profits. ;
Producers can generate higher profits by focusing on decreasing their production costs, which includes streamlining operations, bulk purchasing, and outsourcing. Increasing total expenses or reducing the customer base usually results in lower profits. Thus, the best choice for higher profits is to decrease production costs.
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