Examlex

Solved

Suppose That a New Alloy Is Invented Which Uses Copper

question 14

Multiple Choice

suppose that a new alloy is invented which uses copper and zinc in fixed proportions where 1 unit of output requires 5 units of copper and 3 units of zinc for each unit of alloy produced.If no other inputs are needed, the price of copper is $4, and the price of zinc is $2, what is the average cost per unit when 3,000 units of the alloy are produced?


Definitions:

Enjoy Doing

The feeling of pleasure or satisfaction experienced when engaging in an activity one likes or finds rewarding.

Make Living

involves earning enough income through work or business to cover personal and family expenses.

Psychology

The scientific study of the human mind and its functions, especially those affecting behavior in a given context.

Focuses

Refers to the central points of interest or activity, or the act of directing attention and resources towards specific goals.

Related Questions