If the price of a bottle of orange juice in the downtown orange juice market is $0.50 per bottle, vendors will happily sell orange juice in the market only if their cost per bottle is

Question

Quizplus · Accepted Answer

Vendors will only sell the orange juice in the market if they can make a profit. To make a profit, their cost per bottle has to be less than the selling price of $0.50 per bottle. Therefore, the vendors will happily sell orange juice in the market only if their cost per bottle is less than $0.50.

If the Price of a Bottle of Orange Juice in the Downtown