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.
Correct Answer:

Verified
Correct Answer:
Verified
Q11: In which of the following sets of
Q23: The aggregate supply curve (short run) is
Q33: Graphically, the full-employment, low-inflation, rapid-growth economy of
Q44: The shape of the immediate-short-run aggregate supply
Q47: Answer the question on the basis
Q49: Answer the question on the basis
Q51: Answer the question on the basis
Q93: Other things equal, a decrease in the
Q199: An economy's aggregate demand curve shifts leftward
Q218: The greater the upward slope of the