Answer the Question on the Basis of the Following Information

question 52

Multiple Choice

Answer the question on the basis of the following information.An economy is employing 2 units of capital,5 units of raw materials,and 8 units of labor to produce its total output of 640 units.Each unit of capital costs $10;each unit of raw materials,$4;and each unit of labor,$3. Refer to the information.If the per-unit price of raw materials rises from $4 to $8 and all else remains constant,the per-unit cost of production will rise by about:

• A) 100 percent.
• B) 50 percent.
• C) 40 percent.
• D) 30 percent.

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Definitions:

6-year-old

Refers to a developmental milestone age in children, characterized by significant growth in physical, cognitive, and social abilities.

Drawings

Visual representations made on a surface, usually paper, using pens, pencils, or other marking tools, often as a means of expression or communication.

Handedness

The preference for using one hand over the other for performing tasks; usually categorized as right-handed, left-handed, or ambidextrous.

Genetically

Pertaining to genes or heredity, involving the transmission of traits from parent to offspring through DNA.