An economy is employing 2 units of capital, 5 units of raw materials, and 8 units of labour to produce its total output of 640 units. each unit of capital costs $10, each unit of raw materials, $4, and each unit of labour, $3.
refer to the above information. the per unit cost of production in this economy is:
a) $1.00.
b) $.10.
c) $.05.
d) $.50.
refer to the above information. 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.
refer to the above information. as a result of the change indicated in the previous question, the aggregate:
a) supply curve would shift to the right.
b) demand curve would shift to the right.
c) demand curve would shift to the left.
d) supply curve would shift to the left.

Alandowner entered into a written agreement with a real estate broker whereby the broker would receive a commission of 10% of the sale price if he procured a "ready, willing, and able buyer" for the landowner's property and if the sale actually proceeded through closing. the broker found a buyer who agreed in writing to buy the property from the landowner for $100,000, the landowner's asking price. the buyer put up $6,000 as a down payment. the agreement between the landowner and the buyer contained a liquidated damages clause providing that, if the buyer defaulted by failing to tender the balance due of $94,000 at the closing date, damages would be 10% of the purchase price. the landowner included that clause because she was counting on using the proceeds of the sale for a business venture that would likely net her at least $10,000. the buyer became seriously ill and defaulted. when he recovered, he demanded that the landowner return his $6,000, and the landowner refused. the broker also demanded the $6,000 from the landowner and was refused. the broker and the buyer filed separate suits against the landowner, with the buyer pleading impossibility of performance. the two cases are consolidated into a single case. how should the court rule as to the disposition of the $6,000?

Which term refers to the cost that motivates an economic decision

Winners of the georgia lotto drawing are given the choice of receiving the winning amount divided equally over 2121 years or as a lump-sum cash option amount. the cash option amount is determined by discounting the annual winning payment at 88% over 2121 years. this week the lottery is worth $1616 million to a single winner. what would the cash option payout be?