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07-02-2020
Business

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Suppose that real domestic output in an economy is 20 units, the quantity of inputs is 10, and the price of each input is $4. Answer the following question on the basis of this information.

The per-unit cost of production in the economy described is:

Respuesta :

Aaqib10 Aaqib10

10-02-2020

Answer:

$2 per-unit cost of production

Explanation:

since 20 units are produced and 10 units of input are used so,

divide 20/ 10 to get per unit cost of production.

20/10 = $2

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