Business, 27.11.2019 04:31 roxygreeneyes

An economy is employing 2 units of capital, 5 units of raw materials, and 8 units of labor to produce its total output of 640 units. each unit of capital costs $10; each unit of raw materials, $4; and each unit of labor, $3. the per-unit cost of production in this economy is

a. $0.10.
b. $0.50.
c. $1.00.
d. $0.05.

Answers: 3

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An economy is employing 2 units of capital, 5 units of raw materials, and 8 units of labor to produc...