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KiRa [710]
2 years ago
8

Select all the items that describe the role of a producer. a) You want to charge a price that earns profits. b) You want to char

ge a price that does not cover fixed costs. c) You want to charge a price that covers variable costs. d) You want to have a large market share.
Business
1 answer:
allsm [11]2 years ago
3 0

Answer: All except option B

Explanation: In simple words, producer refers to an individual who collects All the factors such as labor, capital and land to produce and supply a  commodity with the ultimate objective of having any monetary gain.

Thus, a producer will charge a price that will cover all of his or her costs and would increase its sales and market share for increase in profits.

Thus, the correct option is B .

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In the graph therefore, a decrease in supply would be shown as a shift from Curve A to Curve C or Curve B to Curve A.

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One of the potential benefits to a firm of introducing new-to-the-world products or services is cost savings.

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