An entrepreneur creates a product that costs $25 to make, but no customer is willing to pay more than $15. Which of the following statements are correct about the value created? Select one: a. $15 of value is created. O b. No value is created. O c. $10 of value is created. O d. $25 of value is created.

An entrepreneur creates a product that costs $25 to make, but no customer is willing to pay more than $15. Which of the following statements are correct about the value created? Select one: a. $15 of value is created. O b. No value is created. O c. $10 of value is created. O d. $25 of value is created.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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