ECONOMICS
SUPPLY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What factors influence production decisions the most?
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need to maximize profit & costs of production
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costs of production & the availability of substitutes
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need to maximize profit and the consumers’ price expectations
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law of diminishing returns and total costs
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Explanation:
Detailed explanation-1: -Number of Production Units. The most basic factor affecting profit in any business is the number of production units. Production per Unit. The productivity of your land and livestock also has an impact on profit. Direct Costs. Value per Unit. Enterprise Mix. Overhead Costs.
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