Multiple Choice
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.The per-unit cost of production in this economy is
A) $0.05.
B) $0.10.
C) $0.50.
D) $1.00.
Correct Answer:
Verified
Correct Answer:
Verified
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