A seller is willing to sell a product only if the sellereceives a price that is

Question

A seller is willing to sell a product only if the sellereceives a price that is at least as great as. a. the seller's producer surplus b. the seller's cost of production. c. the seller's profit. d. the average willingness to pay of buyers of theproduct. A seller is willing to sell a product only if the sellereceives a price that is at least as great as. a. the seller's producer surplus b. the seller's cost of production. c. the seller's profit. d. the average willingness to pay of buyers of theproduct.

Explanation / Answer

It has to be at least the celler's cost of production, so the answer is B. The usually would want to make a profit.

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