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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

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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
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Solution 1

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

Here's why:

  1. Marginal cost refers to the cost of producing one additional unit of a product.

  2. This cost is directly related to variable costs, which are co 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.
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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

The short-run supply curve for a perfectly competitive firm is its A. marginal cost curve above the average variable cost curve. B. marginal cost curve above the average fixed cost curve. C. average variable cost curve above the marginal cost curve. D. average variable cost curve above the average total cost curve. E. average variable cost curve above the average fixed cost curve.

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

45.A change in total cost caused by adding one more unit to the production total is called:  A. Fixed cost.  B. Variable cost.  C. Marginal cost  D. Total cost

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

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