The Table Below Shows the Supply Schedules for Fred's Pizza

question 180

Multiple Choice

The table below shows the supply schedules for Fred's Pizza and Johnny's Pizza, the only sellers of pizza in the market.

-Using the table, what is the minimum price that Fred is willing to accept to supply 400 slices of pizza per month?

• A) $3.50
• B) $2.50
• C) $3
• D) $4

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Definitions:

Slightest Defect

Refers to the minimum imperfection or fault in something that can lead to legal liability or the rejection of a product or service.

Destroy

The act of causing something to cease to exist or to become inoperative or unserviceable.

Replacement Shipment

Sending out a new or additional shipment to replace defective or missing products originally dispatched.

Commercial Unit(s)

A standard of measure, quantity, or grade of goods that is treated as a whole for commercial purposes, especially in sale or lease transactions.