Product costs set a ________ to a product's price.

A) floor
B) ceiling
C) demand curve
D) break-even cost

Product Costs

Expenses directly associated with the production of goods or services, including labor, materials, and overhead costs.

Break-Even Cost

The amount of revenue needed to cover the total fixed and variable costs of producing and selling a product, with no profit or loss.

Demand Curve

A graph representing the relationship between the price of a good and the quantity demanded by consumers at various price levels.