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Suppose that a new alloy Is Invented which uses copper and zinc in fixed proportions where 1 unit of output requires 3 units of
Suppose that a new alloy Is Invented which uses copper and zinc in fixed proportions where 1 unit of output requires 3 units of copper and 3 units of zinc for each unit of alloy produced. If no other Inputs are needed, the price of copper is $4, and the price of zinc is $4, what is the average cost per unit when 4,000 units of the alloy are produced? $1,000 O none of the above $18 O $4,000 4 $24
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