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kow [346]
3 years ago
12

An economy is employing 2 units of capital, 5 units of raw materials, and 8 units of labor to produce its total output of 640 un

its. Each unit of capital costs $10; each unit of raw materials, $4; and each unit of labor, $3.
If the per unit price of raw materials rises from $4 to $8 and all else remains constant, the per unit cost of production will rise by about:

A) 50 percent.
B) 30 percent.
C) 40 percent.
D) 100 percent.
Business
1 answer:
fgiga [73]3 years ago
6 0

Answer:

B 30 percent

Explanation:

Initial cost of production = (2×$10) + (5×$4) + (8×$3) = $20+$20+$24 = $64

New cost of production = (2×$10) + (5×$8) + (8×$3) = $20+$40+$24 = $84

% rise in cost of production = (new cost - initial cost)/initial cost × 100 = (84 - 64)/64 ×100 = 20/64 × 100 = about 30%

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stealth61 [152]
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As long as the arena is outside, people can sit in their cars or on a chair outside and hear the show without paying for admission to get inside. Because they are unable to prevent everyone from hearing it, it is non-exludable. Likewise, if the concert was held inside, it would be excludable because those who aren't paying can not see/hear the show. 
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3 years ago
Ryan Company deposits all cash receipts on the day they are received and makes all cash payments by check. Ryan's June bank stat
fredd [130]

Answer: $31,625

Explanation:

To find out the adjusted cash balance per the bank records we will do the following,

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3 years ago
Suppose the governments of two different economies, economy A and economy B, implement a permanent tax cut of the same size. Inv
timama [110]

Available Options Are:

a) higher sensitivity to changes in the interest rate, or

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Answer:

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adell [148]

Answer:

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The answer to your question is,

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