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Suppose that an economy produces 2,400 units of output, employing 30 units of input, and the price of the input is $20 per unit. The
Suppose that an economy produces 2,400 units of output, employing 30 units of input, and the price of the input is $20 per unit. The per-unit cost of production is
Multiple Choice
- $0.25.
- $0.50.
- $0.10.
- $0.80.
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Intermediate Microeconomics
Authors: Hal R. Varian
8th edition
393934241, 978-0393934243
