Ask Question
BusinessBusiness
6 December, 12:04

The marginal seller is the seller who

a. cannot compete with the other sellers in the market.

b. would leave the market first if the price were any lower.

c. can produce at the lowest cost.

d. has the largest producer surplus."

+1
Answers (1)
  1. 6 December, 14:13
    0
    b. would leave the market first if the price were any lower.

    Explanation:

    In the market, the producer always sells more than the economic cost (raw materials and labor cost) that he bears during production. The marginal seller means that the seller earns zero economic profit (producer surplus) i. e. an economic cost equals the selling price. So if the price falls then the marginal seller would leave the market first because he will be indifferent when earns the zero economic profit but when the price falls he would leave the market.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “The marginal seller is the seller who a. cannot compete with the other sellers in the market. b. would leave the market first if the price ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
A small business loan is used to pay for the costs associated with starting your own company? True or false
Answers (1)
A market niche that is too small to attract the attention of major corporations can prove to be quite profitable for a small business. true or false
Answers (1)
Rebecca is planning a stress management seminar for teenagers who are at high risk of using drugs. this is an example of:
Answers (1)
If two patients need the same resources in the same medical situation, it is justifiable, when resources are scarce, to limit them to patients having insurance and showing an ability to pay for the resources.
Answers (1)
Using the cut-and-try method for aggregate operations planning, we can calculate the ending inventory and then calculate the safety stock as a percent of forecast demand.
Answers (1)
New Questions in Business
The employer will match the employee's social security and medicare contribution. true or false
Answers (1)
When president obama was elected, the u. S. Economy had slid into a recession. Consumer spending was low and getting worse.
Answers (1)
Continental foods is considering a conglomerate merger with a company that makes storage solutions. a likely reason is:
Answers (1)
Earned value is: a. A cost estimate of the budgeted resources across the project's life cycle. b. The cumulative total costs incurred in accomplishing the various project work packages. c.
Answers (1)
13. Which of the following is an example of secondary research? A. Gathering statistics online B. Conducting trial-and-error testing C. Observing reactions to free samples D. Hiring a marketing firm
Answers (1)
Home » Business » The marginal seller is the seller who a. cannot compete with the other sellers in the market. b. would leave the market first if the price were any lower. c. can produce at the lowest cost. d. has the largest producer surplus."
Sign Up Forgot Password?