(Answered) Suppose that an economy produces 300 units of output

Management Studies

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

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