Suppose that real domestic output in an economy is 2400 units. The quantity of inputs is 60, and the price of each input is $30. 

If productivity increased such that 3000 units are now produced with the quantity of inputs still equal to 60, then per-unit production costs would?

Answer rating: 100% (QA)

To determine the change in perunit production costs when productivity increases we need to compare t... View the full answer