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284

Q:

Under full-cost pricing, the price is determined by which of the following?

  • 1
    By adding to the average cost
  • 2
    By comparing marginal cost and marginal revenue
  • 3
    By adding normal profit to marginal cost
  • 4
    By total cost of production
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  • Workspace

Answer : 1. "By adding to the average cost"

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