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19 April, 09:26

Suppose that real domestic output in an economy is 300 units, the quantity of inputs is 50 and the price of each input is $9. the per-unit cost of production is: $0.67 $1.50 $33.33 $55.00

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  1. 19 April, 10:33
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    Total Cost of Input=$9*50units

    =$450

    Cost per unit of productions=Total Cost/Output

    =450/300

    =$1.50 per unit
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