Question
Which of the following is true about markup pricing of a product or service? a. The price of a product is the cost of production
Which of the following is true about markup pricing of a product or service?
a.
The price of a product is the cost of production + the markup where the markup is added onto the marginal costs (MC)
b.
The price of a product is the cost of production + the markup where the markup is added to the average fixed costs (AFC)
c.
The price of a product or service is determined by a markup based onwhat "the market ccn bear"
d.
The price of a product is the cost of production + the markup where the markup is added to the average variable costs (AVC)
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Managing in a Global Economy Demystifying International Macroeconomics
Authors: John E. Marthinsen
2nd edition
128505542X, 978-1305176157, 1305176154, 978-1285055428
