You pay $50 to buy a new pair of shoes. The shoes cost the producer $75 to make. This means the producer is

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asked Oct 24, 2020 51.8k views

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Michael Bobick · Answer 1 · 2020-10-29T04:31:45+0000

The correct answer is:

Losing money

The producer is losing money, because is not getting any profit from his product, contrary he spent more money to produce it than what he received for it. In total, He lost $25 dollars.

You pay $50 to buy a new pair of shoes. The shoes cost the producer $75 to make. This means the producer is

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