Tick mark (√) the correct answer
(a) Token price is the price fixed by the government which is higher than the per
unit cost of production.
(b) Token price is the price which is much below the per unit cost of production.
(c) Token price is the price which is charged from rich persons
(d) Token price is equal to the per unit cost of production.
Answers
Answer:
Option (b) is correct.
(b) Token price is the price which is much below the per-unit cost of production.
Explanation:
Token price is the price that is paid before paying the actual price of the product. It is paid initially similar to the down payment.
The term token price is mostly used in contract purchases where the buyer pays a small amount of money to confirm the purchase. It also includes registration fee and service fee.
Answer:
(b) 'Token price' is the price which is 'much below' the 'per-unit cost of production'.
Explanation:
Token price is the price that is paid before paying the actual price of the product. It is paid initially similar to the down payment.
The term token price is mostly used in contract purchases where the buyer pays a small amount of money to confirm the purchase. It also includes registration fee and service fee.