Joint Costs Student’s Name Course Name and Number Instructor’s Name and Title Date Submitted Institutional Affiliation Describe two pricing practices in which non-cost factors are important. Pricing of a product is based on several factors which include the costs the target group the demand for the product competition government regulations the current stage of its age to protect customer rights from the illegal merger and unethical practices of the firms. It always ensures high quality of the products to meet consumer expectations and that pricing does not exceed optimal point. Without the antitrust law there could have been consumer exploitation by imposing high prices of the goods in the market [...]
1- Explain why joint costs are allocated to individual products. 2- Explain why joint costs are irrelevant in a sell-or-process further decision. 3- Explain why do you agree or disagree with one of the two answers.