The Table Gives Information About the Relationship Between Input Quantities

question 154

Multiple Choice

$\begin{array} { | c | c | } \hline Input ~Quantity & Real ~Domestic ~Output \\\hline 100 & 200 \\\hline 150 & 300 \\\hline 200 & 400 \\\hline\end{array}$
The 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 economy is

• A) $5.
• B) $2.75.
• C) $2.50.
• D) $0.40.

Evaluate decisions using the concept of opportunity cost and sunk costs.

Determine the optimal allocation of limited resources across different activities to maximize total benefit or score.

Understand how market conditions and personal preferences affect consumption and production decisions.

Understand the benefits of preschool programs for economically disadvantaged children regarding cognitive development and social skills.

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Definitions:

Accrued Interest

Interest that has been incurred but not yet paid, reflecting amounts owed for loans or investments.

Gain On Sale

The profit realized from the sale of assets when the selling price exceeds the book value of the asset sold.

Semiannual Interest

Interest that is computed and disbursed biannually, frequently associated with bonds and lending agreements.

Accrued Interest

Interest that has been incurred but not yet paid, accumulating on loans or bonds over time until payment is made.