Selling Price: Baylee Byrd Playsets, Inc.: The 4 Best Ways of Determining Selling Price

Its cost of production determines the selling price of a commodity. The cost of production involves both the fixed and variable costs. The economy of scale is based on the fact that an increase in the units produced a result in a decrease in the fixed cost per unit production.

selling price
Business people meeting at office and use post it notes to share idea. Brainstorming concept. Sticky note on glass wall.

Selling Price

Thus an overall reduction in the cost of production as illustrated below.

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