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.
What Does a Directors & Officers Policy Cover? Defense Costs: The major cost in D&O claims are the attorneyâs fees incurred by the insurance company to defend against the lawsuit. It is important to know if the cost to defend lies within or outside the policy limits. If the cost of defense is âwithinâ the policy limits, then as the carrier pays the attorney fees (the money to pay any resulting judgment), the policy limits are reduced. This is undesirable.