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Suppose that an economy produces 1,400 units of output, employing 10 units of input, and the price of the input is $70 per unit. The

Suppose that an economy produces 1,400 units of output, employing 10 units of input, and the price of the input is $70 per unit. The per-unit cost of production is Multiple Choice O $0.50. O $1.00. O $0.10. O $0.70

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