Changes in total cost depend on variations in total variable cost, since total fixed cost stays the same.
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Q22: If the price per unit is $1.00
Q23: An advantage of average-cost pricing is that
Q24: Even if a firm's average variable cost
Q25: A major advantage of average-cost pricing is
Q26: When setting prices, the marketing manager should
Q28: A firm's total cost increases only when
Q29: Average-cost pricing works best in situations where
Q30: Ignoring demand is the major weakness of
Q31: If a manager sells more than was
Q32: A firm's average fixed cost increases as
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