Suppose That an Economy Produces 2,400 Units of Output, Employing

question 41

Multiple Choice

Suppose that an economy produces 2,400 units of output, employing 60 units of input, and the price of the input is $30 per unit. The per-unit cost of production is

• A) $0.25.
• B) $0.50.
• C) $0.75.
• D) $2.00.

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