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Which of the following best explains what the profit motive pushes producers to do?

  • Question 2b of 10 - Profit

  • Maximum Attempts: 1
  • Question Type: Multiple Choice
  • Maximum Score: 2
  • Question: Which of the following best explains what the profit motive pushes producers to do?
  • Answers:
  1. Minimize costs and maximize revenue.
  2. Produce as much as possible.
  3. Achieve the maximum revenue.
  4. Balance monetary and non-monetary benefits.

The correct answer is: Minimize costs and maximize revenue. Profit is calculated by subtracting costs from revenue.

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