A seller is willing to sell a product only if the seller receives a price that is at least as great as the
A)seller's producer surplus.
B)seller's cost of production.
C)seller's profit.
D)average willingness to pay of buyers of the product.

Question

Quizplus · Accepted Answer

The seller is only willing to sell the product if the price offered covers their costs of production. If the seller receives a price lower than the cost of production, they will incur losses instead of making profits. Hence, option B is the correct answer. The other options, such as A, C, and D, do not necessarily determine the seller's willingness to sell a product.

A Seller Is Willing to Sell a Product Only If