Tacos |
Enchiladas |
|
Ben |
9 |
6 |
Madysen |
6 |
12 |
15 |
18 |
Using Table 2, assume the price of enchiladas is $2. The price at which Ben will start supplying tacos is
A.
$1.33
B.
$5.00
C.
$0.80
D.
Not enough information has been provided to answer the question.
E.
$1.00
Answer : The answer is option D.
To know the price level at which a producer start supplying in the market we have to know the per unit cost level. Because a producer start supplying at minimum price level which is equal to the per unit cost level. So, here to know "the price level at which Ben will start supplying tacos" we have to know the per units cost level of tacos for Ben. But there exists no any information about the per unit cost level of tacos for Ben. So, here it is not possible to find out "the price level at which Ben will start supplying tacos". Hence, option D is the answer.
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