Multiple Choice
Suppose that an economy produces 300 units of output, employing 50 units of input, and the price of the input is $9 per unit. The level of productivity and the per-unit cost of production are
A) 1.50 and $6.00, respectively.
B) 6 and $1.50, respectively.
C) 5 and $6.00, respectively.
D) 5 and $1.50, respectively.
Correct Answer:
Verified
Correct Answer:
Verified
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