Knowee
Questions
Features

43.Under the Marginal cost pricing, the price is determined on the basis of;  A. Fixed cost  B. Variable cost  C. Total cost  D. Average cost

Question

43.Under the Marginal cost pricing, the price is determined on the basis of;  A. Fixed cost  B. Variable cost  C. Total cost  D. Average cost
🧐 Not the exact question you are looking for?Go ask a question

Solution 1

Under the Marginal cost pricing, the price is determined on the basis of Variable cost. So, the correct answer is B. Variable cost.

Here's a step by step explanation:

  1. Marginal cost pricing is a pricing strategy which involves setting the price of a product at or slightly above the variable cos Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  

This problem has been solved

Similar Questions

43.Under the Marginal cost pricing, the price is determined on the basis of;  A. Fixed cost  B. Variable cost  C. Total cost  D. Average cost

Under the Marginal cost pricing, the price is determined on the basis of;  A. Fixed cost  B. Variable cost  C. Total cost  D. Average cost

For 8 units of output, average fixed cost is $12.50 and average variable cost is $81.25. The total cost at this output level is ____________.

If you know that total fixed cost is $200, total variable cost is $600, and total product is 4 units, then average total cost must be

b) Obtain the monopolist’s average total cost function, average variable cost function,and marginal cost function

1/3

Upgrade your grade with Knowee

Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.