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Suppose that an economy produces 2,400 units of output, employing 30 units of input, and the price of the input is $20 per unit

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Suppose that an economy produces 2,400 units of output, employing 30 units of input, and the price of the input is $20 per unit. The per-unit cost of production is

Multiple Choice

a) $0.25.

b) $0.50.

c) $0.10.

d) $0.80.

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