to generate higher profits, producers must work to\n○ increase their total supply.\n○ increase their total…
to generate higher profits, producers must work to\n○ increase their total supply.\n○ increase their total expenses.\n○ decrease their customer base.\n○ decrease their production costs.
Answer
Brief Explanations:
Profit is calculated as total revenue minus total costs. To increase profit, producers can either increase revenue or decrease costs. Decreasing production costs directly increases profit margin. Increasing total supply may not always lead to higher profits if demand doesn't match. Increasing total expenses reduces profit. Decreasing customer base reduces revenue and thus profit.
Answer:
decrease their production costs.