Per-Unit Production Cost Is

question 261

Multiple Choice

Per-unit production cost is

• A) real output divided by inputs.
• B) total input cost divided by units of output.
• C) units of output divided by total input cost.
• D) a determinant of aggregate demand.

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Definitions:

Gasoline

A volatile, flammable liquid derived from petroleum, commonly used as fuel for engines.

Rate Of Pay

the amount of money that is given in exchange for work performed, typically expressed per time period worked (e.g., hourly, monthly).

Hour

An hour is a unit of time equal to 60 minutes, commonly used to measure the duration of events or the length of shifts in various contexts.

Earned

Income received for work performed or investments. It can refer to wages, salaries, or other forms of income.