which factors must a producer consider when deciding what good to supply? check all that apply.\n□ the…

which factors must a producer consider when deciding what good to supply? check all that apply.\n□ the appeal of the good to family members\n□ the elasticity of a good being supplied\n□ competition within the market\n□ the ability to produce the good efficiently\n□ the ability to produce a good of low quality

which factors must a producer consider when deciding what good to supply? check all that apply.\n□ the appeal of the good to family members\n□ the elasticity of a good being supplied\n□ competition within the market\n□ the ability to produce the good efficiently\n□ the ability to produce a good of low quality

Answer

Answer:

  • the elasticity of a good being supplied
  • competition within the market
  • the ability to produce the good efficiently

Brief Explanations:

Producers consider elasticity as it affects revenue, competition to stay viable, and efficient production for cost - effectiveness. Appeal to family members is personal and not a market - relevant factor, and producing low - quality goods is generally not a positive consideration for long - term success.