An entrepreneur would be least likely to develop a product if expected average total cost is:
A) $50 and expected price is $75.
B) $60 and expected price is $65.
C) $65 and expected price is $40.
D) $50 and expected price is $50.

Question

Quizplus · Accepted Answer

An entrepreneur would be least likely to develop a product if the expected average total cost is higher than the expected price, as this would result in a loss. In option C, the cost is $65 and the price is $40, leading to a negative profit margin.

An Entrepreneur Would Be Least Likely to Develop a Product