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The Following Table Gives Information About the Relationship Between Input

question 109

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The following table gives information about the relationship between input quantities and real domestic output in a hypothetical economy: The following table gives information about the relationship between input quantities and real domestic output in a hypothetical economy:   If the price of each input is $5, the per unit cost of production in the above economy is: A) $5 B) $2.75. C) $2.50. D) $.40. If the price of each input is $5, the per unit cost of production in the above economy is:

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Definitions:

Slope-Intercept Form

An equation of the form y = mx + b, where m is the slope and b is the y-intercept of the line.

Parallel

Lines in a plane that never meet, no matter how far they are extended, because they have the same slope.

Line

A geometric figure that is one-dimensional, has no thickness, and stretches indefinitely in both directions is referred to as a line.

Y-Intercept

The point where a line or curve intersects the y-axis of a coordinate plane.

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