Question

You just went into the cookie business. To determine a price for your cookies, you calculate your

Answer 1

To determine a price for your cookies, you calculate your input costs.

Answer: Option A

Explanation:

Input costs are the costs of the variables which are used to produce a particular product and these costs will affect the final price of the product. For determining the price of the final product the price of the inputs used for production and in the amount they are used are kept into mind. So for making cookies, price of sugar, flour, chocochips, butter etc are kept in mind.