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

Question

Quizplus · Accepted Answer

A seller would be willing to sell a product only if the price received is at least as great as the cost of production. This is because if the price received is less than the cost of production (A) or equal to the cost of production (C), the seller would make no profit or even incur losses. If the price received is at least double the cost of production (D), it might be unrealistic or unfair to expect such a high profit margin. Therefore, option B is the most logical choice.

When Would a Seller Be Willing to Sell a Product