A seller would be willing to sell a product ONLY if the price received is:
A)less than the cost of production
B)at least as great as the cost of production
C)equal to the cost of production
D)at least double the cost of production

Question

Quizplus · Accepted Answer

A seller would be willing to sell a product only if they can at least recover the cost of production. If the price received is less than the cost of production (A), the seller would actually lose money on the sale. If the price received is equal to the cost of production (C), the seller breaks even but does not make a profit. If the price received is at least double the cost of production (D), it may be a desirable outcome for the seller, but it is not a necessary condition for them to be willing to sell. Therefore, choice B is the best option.

A Seller Would Be Willing to Sell a Product ONLY