A Producer's Minimum Acceptable Price for a Particular Unit of a Good

Multiple Choice

A producer's minimum acceptable price for a particular unit of a good

A) is the same for all units of the good.
B) will, for most units produced, equal the maximum that consumers are willing to pay for the good.
C) equals the marginal cost of producing that particular unit.
D) must cover the wages, rent, and interest payments necessary to produce the good but need not include profit.