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Suppose That an Economy Produces 2400 Units of Output, Employing

Question 71

Multiple Choice

Suppose that an economy produces 2400 units of output, employing the 60 units of input, and the price of the input is $30 per unit. Refer to the information above. The per-unit cost of production is:


A) $0.25
B) $0.50
C) $0.75
D) $2.00

Correct Answer:

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