For long-run pricing decisions,which of the following costs of a product informs managers of the minimum cost they need to recover to continue in business?

Question

Quizplus · Accepted Answer

The Full cost includes both fixed and variable costs, as well as any additional relevant expenses such as overhead costs. Therefore, it provides managers with the most comprehensive understanding of the minimum cost they need to recover in order to sustain the business in the long run.

For Long-Run Pricing Decisions,which of the Following Costs of a Product