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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 per-unit cost of production is

  • $0.60.
  • $0.30.
  • $0.10.
  • $1.00.

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