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 cost of an issued alternative policy is about half of the price of COBRA listed above. Although some health insurance policies are priced lower than these figures - perhaps less than $100 per month - it is important to realize that the premium reduction is achieved by reducing the benefits available.