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Sublight2097 Sublight2097
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Posts: 4132
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9 years ago
A typical wheat farmer would never consider cost-plus-markup pricing because
A) he cannot clearly estimate his costs.
B) the most profitable price he can ask for is the prevailing market price.
C) the government won't allow it.
D) he is a price searcher.
Textbook 
The Economic Way of Thinking

The Economic Way of Thinking


Edition: 13th
Authors:
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SmooothSmoooth
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#1
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9 years ago
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Sublight2097 Author
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#2
8 years ago
I've noticed they use a lot of trickery with their questions. Thank you for your input.
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#3
8 years ago
You're welcome Happy Dummy
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