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
C. $0.75
Economics
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Government spending can ____________ certain elements of long-term growth
a. discourage b. negate c. encourage d. compromise
Economics
In the following question you are asked to determine, other things equal, the effects of a given change in a determinant of demand or supply for product X upon (1) the demand (D) for, or supply (S) of, X; (2) the equilibrium price (P) of X; and (3) the equilibrium quantity (Q) of X. An increase in the price of a product that is a complement to X will
What will be an ideal response?
Economics