An entrepreneur most likely would 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 $60.

Question

Quizplus · Accepted Answer

An entrepreneur would develop a product if the expected price is greater than the expected average total cost, as this would result in a profit. In option A, the expected price ($75) is greater than the expected average total cost ($50), indicating a potential profit.

An Entrepreneur Most Likely Would Develop a Product If Expected