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.
CostThe cost rating is based on the average wholesale price for a drug. The average wholesale price is the suggested selling price for a drug, much like the sticker price on a car.Insurance companies often use this cost as the basis for drug reimbursement.This price does not reflect what you would pay for a drug if covered by your prescription benefit plan.he average wholesale price is the suggested selling price for a drug, much like the sticker price on a car. Insurance companies often use this cost as the basis for drug reimbursement. This price does not reflect what you would pay for a drug if covered by your prescription benefit plan.