Multiple Choice
Suppose that real domestic output in an economy is 20 units,the quantity of inputs is 10,and the price of each input is $4.
-Refer to the above information.All else being equal,if the price of each input increased from $4 to $6,productivity would:
A) fall from 2 to 3.
B) fall from .50 to .33.
C) rise from 1 to 2.
D) remain unchanged.
Correct Answer:
Verified
Correct Answer:
Verified
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