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Mathematics 25 Online
OpenStudy (anonymous):

Help Please! Medal for best answer. How do you think business owners determine how much of each of their products to make? (Hint: Think about inequalities.)

OpenStudy (dangerousjesse):

You mean how many of each product?

OpenStudy (dangerousjesse):

They say If the demand for one product is increasing at a steady pace, then \(\textsf{production > consumption }\)

OpenStudy (aum):

Revenue > Cost of Production (so they can make a profit).

OpenStudy (anonymous):

@aum @DangerousJesse Wow I love both of your answers actually. It's hard to choose. :/ Fan one and medal the other maybe? By the way I combined your answers. What do you think?... "Business owners can determine how much of each of their products to make by analyzing the demand and cost of producing the product. If the demand for a product is increasing at a steady pace, then production must be greater than the amount of consumption in order to keep up with the supply and demand. Also, the company must sell each product at a higher price than it took to produce it to make a profit. Production > Consumption Revenue > Cost of Production" Any further suggestions?

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