Solved

Apu Nahasapeemapetilon Opens an Outdoor Iced Cappuccino Stand in Order

Question 59

Multiple Choice

Apu Nahasapeemapetilon opens an outdoor iced cappuccino stand in order to sell coffee to neighbours. Apu's product is unique enough that he has some choice about what price to charge. Based the information above, which statement is true?


A) If customers are allowed to steal the iced cappuccinos without paying, this would still be a market.
B) The price should cover what it costs to make the iced cappuccinos, but not the cost of Apu's time.
C) If Apu sells no iced cappuccinos, his price must be less than the marginal benefit of any of his customers.
D) If Apu sells no iced cappuccinos, his price must be greater than the marginal benefit of any of his customers.
E) If Apu moved his stand indoors, it would no longer be a market.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions