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
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:
Marginal cost refers to the cost of producing one additional unit of a product.
This cost is directly related to variable costs, which are co Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solv
Similar Questions
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
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
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
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 ____________.