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Per-unit cost of production

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Reference no: EM131116803

Suppose that an economy produces 300 units of output, employing the 50 units of input, and the price of the input is $9 per unit. The level of productivity and the per-unit cost of production are, respectively:

  • 1.50 and $6.00
  • 6 and $1.50
  • 5 and $6.00
  • 5 and $1.50

Reference no: EM131116803

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