Author Question: What is cost-plus pricing? Why do some firms use cost-plus pricing even when the firms' managers ... (Read 229 times)

wrbasek0 · **on:** Jun 29, 2018

What is cost-plus pricing? Why do some firms use cost-plus pricing even when the firms' managers have the resources to devise a pricing strategy that would result in greater profits?

What will be an ideal response?

Question 2

The marginal revenue product of capital is

A) the change in the firm's revenue as a result of employing one more unit of capital, such as a machine.
B) the economic rent received by hiring an additional unit of capital.
C) the cost to the firm of renting an additional unit of capital.
D) the revenue generated by substituting capital for labor in the production process.

mbcrismon · **Reply #1 on:** Jun 29, 2018

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