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
Q146: Suppose that real domestic output in an
Q147: What are the three time horizons used
Q148: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8601/.jpg" alt=" A) A B)
Q149: The real-balances, interest-rate, and foreign purchases effects
Q150: What two factors affect the legal-institutional environment?
Q153: The determinants of aggregate demand determine the
Q154: <span class="ql-formula" data-value="\begin{array} { | c |
Q155: The long-run aggregate supply analysis assumes that<br>A)
Q156: The aggregate demand curve is<br>A) vertical under
Q228: 1. Government Spending <br>2. Consumer Expectations<br>3. Degree