Consider the following table:

$\begin{array}{|l|l|}
\hline \text { Input Quantity } & \text { Real Output } \
\hline 100 & 200 \
\hline 150 & 300 \
\hline 200 & 400 \
\hline
\end{array}$
-Suppose that the price of each input increased from $5 to $8.The per-unit cost of production in this economy would:

Question

Consider the following table:

$\begin{array}{|l|l|}
\hline \text { Input Quantity } & \text { Real Output } \
\hline 100 & 200 \
\hline 150 & 300 \
\hline 200 & 400 \
\hline
\end{array}$
-Suppose that the price of each input increased from $5 to $8.The per-unit cost of production in this economy would:

Quizplus · Accepted Answer

The per-unit cost of production increases when the price of inputs increases, leading to a higher cost of production per unit. This typically results in a shift of the aggregate supply curve to the left, as producers supply less at any given price level due to higher production costs. The 60 percent increase is calculated from the increase in input price from $5 to $8, which is a $3 increase on a base of $5, or 60 percent.

Consider the Following Table -Suppose That the Price of Each Input Increased from $5