Asked by Jonah Marukot on Jun 09, 2024
Verified
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
Average Cost
The total cost of production divided by the number of units produced, indicating the cost per unit.
Copper
A reddish-brown metal with high electrical and thermal conductivity, used extensively in electrical wiring and plumbing.
Zinc
A metallic element used primarily for galvanizing steel and iron products to prevent rust; also important in biology and nutrition.
- Determine the average expenditure per production unit.
Verified Answer
Learning Objectives
- Determine the average expenditure per production unit.
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