Consider the Following Table -If the Price of Each Input Is $5,the Per-Unit Cost

question 54

Multiple Choice

Consider the following table:

$\begin{array}{|l|l|}\hline \text { Input Quantity } & \text { Real Output } \\\hline 100 & 200 \\\hline 150 & 300 \\\hline 200 & 400 \\\hline\end{array}$
-If the price of each input is $5,the per-unit cost of production in this economy is:

• A)$5.00
• B)$2.75
• C)$2.50
• D)$0.40
• E)$2.00

Assess the implications of demographic changes on government spending.

Differentiate between the costs to the private sector of government taxation and spending.

Identify the structure and impact of the federal tax system on different income groups.

Understand the changes in the distribution of personal income tax responsibilities across income groups over time.