A producer's minimum acceptable price for a particular unit of a good:
A. is the same for all units of the good.
B. will, for most units produced, equal the maximum that consumers are willing to pay for the
good.
C. equals the marginal cost of producing that particular unit.
D. must cover the wages, rent, and interest payments necessary to produce the good but
need not include profit.
Answer: C
Economics
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Keynes argued that the primary determinant of the level of economic activity is
A. the amount of money there is to spend. B. the aggregate price level. C. the demand for labor. D. the aggregate demand for goods and services.
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