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18 June, 03:26

Suppose that an economy produces 2400 units of output, employing the 60 units of input, and the price of the input is $30 per unit. refer to the information above. the per-unit cost of production is: $0.50 $0.75 $2.00 $0.25

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  1. 18 June, 03:27
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    cost per unit = $0.75

    Explanation:

    The cost per unit of production

    = Total cost of inputs used / Number of units produced

    = ($30 * 60) / 2,400 units

    =$0.75

    We have simply done is to spread the total cost of the product the over the number of units
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