• 2021-04-14
    You have the option of setting a “ price” which is the minimum price you are willing to sell the item for.
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    • 0

      The opportunity cost of an item is ( ). A: the price of that item B: what you give up to get that item C: the time you have to spend on earning enough money to buy that item D: the cost of producing that item

    • 1

      Before you buy an expensive item, or a service, do check the price and _______ is on offer. A: what B: which C: that D: this

    • 2

      You don’t need to give the customers the actual price when you sell a product. ( )

    • 3

      The minimum supply price, the lowest price at which a producer is willing to supply an additional unit of a good, is: A: less than the marginal revenue for the additional unit. B: the price at which producer surplus is maximized. C: the marginal cost of producing the additional unit.

    • 4

      中国大学MOOC: Businesses are more willing to sell a product when the price _____ and less willing to sell it when prices _____.