Question

Question 15(Multiple Choice Worth 3 points)

(06.02 MC)
Wally has a hobby. He likes making furniture. He finds that he gets many compliments on the furniture he makes. Under what
conditions will it be in Wally's best interest to go to a craft fair and sell some of his custom furniture?
O If the cost of making the furniture is less than the price Wally believes he will be able to sell it for
O If many people from the area attend whom Wally thinks might want custom furniture
Olf Wally believes he will only be able to sell the furniture for less than the cost of the materials he used to make it
O If Wally determines that the demand for custom furniture is low
P

Answer 1

The correct answer is:

O If the cost of making the furniture is less than the price Wally believes he will be able to sell it for

Wally should only sell his furniture at a craft fair if he believes he can make a profit. If the cost of making the furniture is more than the price he can sell it for, he will lose money.

The other options are not relevant to whether or not Wally should sell his furniture at a craft fair. The number of people attending the craft fair and the demand for custom furniture are both important factors to consider, but they do not guarantee that Wally will make a profit.

Step-by-step explanation: