Question

A seller would be willing to sell a product ONLY IF the price received is:

a) equal to the cost of production
b) less than the cost of production
c) greater than the cost of production
d) unrelated to the cost of production

Answer 1

A seller would be willing to sell a product if the price received is greater than the cost of production.

Step-by-step explanation:

A seller would be willing to sell a product if the price received is greater than the cost of production. This is because the seller wants to make a profit, and if the price received is lower than the cost of production, they would be selling at a loss. Therefore, the correct answer is option c) greater than the cost of production.