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Suppose that the table below shows an economy's relationship between real output and the inputs needed to produce that output: Suppose that the table below

Suppose that the table below shows an economy's relationship between real output and the inputs needed to produce that output:

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Suppose that the table below shows an economy's relationship between real output a Input Real quantity domestic output 150 $400 112.5 300 75 200 a. What is the level of productivity in this economy? Instructions: Round your answer to two decimal places. b. What is the per-unit cost of production if the price of each input unit is $5? Instructions: Round your answer to two decimal places. $ c. Assume that the input price increases from $5 to $6 with no accompanying change What is the new per-unit cost of production? Instructions: Round your answer to two decimal places. $ In what direction would the $1 increase in input price push the aggregate supply curve The aggregate supply curve would shift to the (Click to select) left What effect would this shift of the short-run a right e on the price level aWhat effect would this shift of the short-run aggregate supply have on the price level and the level of real outpu

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