Tag: pricing

Questions Related to pricing

______ can is notified to be subject to a reserve price

  1. Sale by description

  2. Sale by auction

  3. Sale by sample

  4. Sale by estoppels


Correct Option: B

Marginal (minimum) cost occurs at the output where __________.

  1. the total product is at a maximum.

  2. the marginal prefect of the variable factors is at a maximum.

  3. the factors are combined In their best possible proportion.

  4. the average product of the variable factors is at a maximum.


Correct Option: B

Under marketing, which of the following is considered as an ethical issue?

  1. Price discrimination

  2. Fraudulent asset valuations

  3. Issues affecting the privacy of the employer

  4. All of the above


Correct Option: A