Question
An economy is employing 5 units of capital, 4 units of raw materials, and 8 units of labor to produce its total output of 600
An economy is employing 5 units of capital, 4 units of raw materials, and 8 units of labor to produce its total output of 600 units. Each unit of capital costs $10; each unit of raw materials, $4; and each unit of labor, $3. The per-unit cost of production in this economy is
Multiple Choice
- $0.15.
- $17.00.
- $0.30.
- $0.50.
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Principles of Macroeconomics
Authors: Karl E. Case, Ray C. Fair, Sharon E. Oster
12th edition
134078802, 978-0134078809
