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A seller is willing to sell a product only if the seller receives a price that is at least as great as the...?

a. seller's producer surplus.
b. seller's cost of production.
c. sellers profit.
d. average willingness to pay of buyers of the product.

User Hedge
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2 Answers

5 votes
I believe its letter B
User Markus Marvell
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4 votes

Answer:

"B"

Step-by-step explanation:

The sole aim of every business is for profit making as no trader wishes to trade and make loss. He will need to ensure the sustainability of his business into a foreseeable future.

For profit to be made , a seller sells its goods and services at the cost price plus a decided mark up price

The least price that a seller can sell its goods , under normal market condition is the seller's cost of production. With this , he can still keep the business running and avoid insolvency

User Mbr
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