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Author Question: Cost-plus pricing a. is used only in oligopolistic market structures b. simplifies pricing policy ... (Read 83 times)

mynx

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on: Jun 30, 2018
Cost-plus pricing
 a. is used only in oligopolistic market structures
  b. simplifies pricing policy by adding a markup to average total cost
  c. in actual practice leads to markups which are greater for more elastic demand curves
  d. is likely to increase profits more than the use of marginal analysis
  e. requires the firm to project the amount which will be sold and then mark-up the price based on average variable cost

Question 2

Which of the following is not a typical goal of bureaucrats?
 a. increasing the size of their bureaus
  b. gaining prestige
  c. increasing the size of their staffs
  d. increasing their bureaus' budgets
  e. achieving greater efficiency


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scrocafella

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Reply #1 on: Jun 30, 2018
Answer to Question 1

E

Answer to Question 2

E


mynx

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

Kedrick2014

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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