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.
As confusing as that sounds, the temptation is to default to average cost basis. There are consequences. Say, for example, you bought 100 shares of a fund at $10 apiece, 125 more at $8 each, and 80 more at $12.50. Youâve invested $3,000 and your average cost per share is $9.83.