suppose that a new alloy is invented which uses copper and zinc in fixed proportions where 1 unit of output requires 3 units of copper and 3 units of zinc for each unit of alloy produced.If no other inputs are needed, the price of copper is $3, and the price of zinc is $3, what is the average cost per unit when 4,000 units of the alloy are produced?
A)$9.50
B)$1,000
C)$1
D)$18
E)$9,500

Question

Quizplus · Accepted Answer

The cost of copper per unit of alloy is 3 units * $3 = $9. The cost of zinc per unit of alloy is 3 units * $3 = $9. So, the total cost per unit of alloy is $9 + $9 = $18.

Suppose That a New Alloy Is Invented Which Uses Copper