Economy, asked by virendrasaxena20, 11 months ago

how can the producer minimise the cost of production

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Answered by satyajit28

Answer:

producers to determine what mix of labor and capital produces output at the lowest cost. In other words, what the most cost-effective method of delivering goods and services would be while maintaining a desired level of quality.

Answered by ayanofficial10

Answer:

Explanation:

Reduce Material Cost. ...

Increase Workers' Efficiency. ...

Control Manufacturing Overheads. ...

Diligently Choose Raw Material Suppliers. ...

Eliminate Non-Value-Adding Processes. ...

Leverage Automation. ...

Optimize The Production Output Level. ...

Reduce Waste.

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how can the producer minimise the cost of production​

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how can the producer minimise the cost of production