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Business, 03.01.2020 00:31 allegra0103

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.

if the per unit price of raw materials rises from $4 to $8 and all else remains constant, the per unit cost of production will rise by about:

a) 50 percent.
b) 30 percent.
c) 40 percent.
d) 100 percent.

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