Which of the following would be true of the seller's cost?
A)the seller would be eager to sell her services at a price higher than her cost
B)the seller would refuse to sell her services at a price lower than her cost
C)the seller would be indifferent about selling her services at a price equal to her cost
D)all of the above are true

Question

Quizplus · Accepted Answer

Each statement reflects a basic economic principle regarding sellers and their behavior in relation to costs and pricing. Sellers aim to sell at prices above their costs to make a profit (A), avoid selling below cost to prevent losses (B), and might be indifferent at selling at cost, as it neither generates profit nor incurs a loss, but this can depend on the context (C).

Which of the Following Would Be True of the Seller's