Table 7-10
The following table represents the costs of five possible sellers.
-Refer to Table 7-10. If the price is $1,l50, who would be willing to supply the product?
A)Abby and Bobby
B)Abby, Bobby, and Dianne
C)Carlos, Dianne, and Evaline
D)Dianne and Evaline only

Question

Table 7-10
The following table represents the costs of five possible sellers. 
-Refer to Table 7-10. If the price is $1,l50, who would be willing to supply the product?
A)Abby and Bobby 
B)Abby, Bobby, and Dianne 
C)Carlos, Dianne, and Evaline 
D)Dianne and Evaline only

Quizplus · Accepted Answer

At a price of $1,150, Carlos, Dianne, and Evaline would be willing to supply the product as they are likely to have lower production costs or higher willingness to supply at that price point.

Table 7-10 The Following Table Represents the Costs of Five Possible Sellers