Willingness to accept is:
A) always lower than the marginal cost of production.
B) always higher than the marginal cost of production.
C) the lowest price that a producer is willing to receive to sell an extra unit of a good.
D) the highest price that a producer is willing to receive to sell an extra unit of a good.
C
You might also like to view...
The level of output determined by the intersection of the short-run aggregate supply curve and the aggregate demand curve
A) may be above, below, or equal to full-employment output. B) is always above full-employment output. C) is always below full-employment output. D) always corresponds to full-employment output.
An increase in U.S. demand for Japanese made cars (made in Japan) would, other things equal, increase the U.S. financial account surplus
a. true b. false