Suppose That Real Domestic Output in an Economy Is 20

question 43

Multiple Choice

Suppose that real domestic output in an economy is 20 units,the quantity of inputs is 10,and the price of each input is $4.Answer the following question on the basis of this information. The per-unit cost of production in the economy described is:

• A) $.50.
• B) $1.
• C) $2.
• D) $5.

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