Which of the Following Groups Would Be the LEAST LIKELY

question 100

Multiple Choice

Which of the following groups would be the LEAST LIKELY target market for a company producing canned food in single serving sizes?

• A)single adults
• B)school kitchens
• C)campers
• D)senior citizens
• E)vending machine owners

---

Definitions:

Zero Economic Profits

A situation in perfect competition where firms earn just enough revenue to cover their total costs, including opportunity costs.

Marginal Revenue

Marginal Revenue is the additional income received from selling one more unit of a product.

Marginal Decision Rule

A principle that states that an action should be taken if, and only if, the marginal benefits exceed the marginal costs.

MC > MR

A condition where a firm's marginal cost is greater than its marginal revenue, suggesting that it would not be profitable to increase output further.