Log in or register. The Gilder Lehrman Institute of American History. Log in to favorite pages Share page Print page. The Patrons of Husbandry, or the Grange, was founded in 1867 to advance methods of agriculture, as well as to promote the social and economic needs of farmers in the United States.
Average Cost pricing: One possibility is that the government regulator might want to allow the firm to charge a slightly higher price, but make zero economic profit. This is accomplished when P = AC, an approach that is called Average Cost pricing.
The average annual cost of the most commonly sold policy in Texas was listed at $1,578, well above the national average of $978. That figure represented an increase of about 1 percent from last year.Florida soared to No. 1 with an average premium of $1,933, while Louisiana jumped to $1,672.Experts said part of the reason for the huge increase in Florida was the inclusion of coastal policies issued by the stateâs windstorm insurance pool.lorida soared to No. 1 with an average premium of $1,933, while Louisiana jumped to $1,672. Experts said part of the reason for the huge increase in Florida was the inclusion of coastal policies issued by the stateâs windstorm insurance pool.