The cost of $1.00 is more than the market price at which i can sell it for, $0.50.
I am NOT going to make any profit. So I am NOT going to supply any.
ANSWER: Zero
Answer:
Option 1 - At this price, you would supply zero cookie(s).
Step-by-step explanation:
Given : The cost of making one cookie is $1.00.
The market price for a cookie is 50 cents.
To find : At this price, how many cookies you would supply ?
Solution :
Cost of making 1 cookie is $1.00 which is more than the market price of 1 cookie is 50 cents.
As the cost of making one cookie is more than the market price.
which means if i sell the cookie i will not make any profit.
So, according to it there is no supply of cookie.
Therefore, at this price, you would supply zero cookie(s).
Hence, option 1 is correct.
