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Suppose that an economy produces 1,800 units of output, employing 10 units of input, and the price of the input is $36 per unit. The

Suppose that an economy produces 1,800 units of output, employing 10 units of input, and the price of the input is $36 per unit. The per-unit cost of production is

Multiple Choice

  • $0.20.
  • $0.40.
  • $0.10.
  • $0.18.

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