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.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
Q10: Cost-push inflation is depicted as a rightward
Q37: Suppose that nominal wages fall and productivity
Q51: When aggregate demand declines, many firms may
Q94: Other things equal, an increase in productivity
Q104: Which of the following would most likely
Q106: Answer the question on the basis
Q113: Answer the question on the basis
Q122: The real-balances effect indicates that<br>A)an increase in
Q127: In deriving the aggregate demand curve from
Q137: Productivity measures<br>A) real output per unit of