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To pass the time one day, Keisha multiplies 2 by 2 by 2 by 2 ... and so on, on her calculator. She observes that the products increase in size more dramatically with each calculation. A few weeks later, when her math teacher explains what it means for something to increase exponentially, Keisha realizes that she has already discovered this idea on her own, and she remembers it better as a result. Which one of the following concepts best characterizes Keisha's enhanced understanding of an exponential increase?
Prime Costs
The combination of direct material and direct labor costs that are directly involved in manufacturing a product.
Direct Labor
The work of factory employees that can be easily traced to the production of specific goods or services.
Factory Overhead
Indirect manufacturing costs not directly tied to production, including maintenance, utilities, and equipment depreciation.
Direct Labor
The wages or salaries paid to employees directly involved in the production of goods or services.
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