Question
Suppose that an economy produces 3,000 units of output, employing 60 units of input, and the price of the input is $30 per unit. The
Suppose that an economy produces 3,000 units of output, employing 60 units of input, and the price of the input is $30 per unit. The level of productivity in this economy is
Multiple Choice
- 50.
- 40.
- 30.
- 20.
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Microeconomics
Authors: David Besanko, Ronald Braeutigam
5th edition
1118572270, 978-1118799062, 1118799062, 978-1118572276
