The Introduction of Advanced Technology Tends to Increase the Number

question 68

True/False

The introduction of advanced technology tends to increase the number of jobs that require basic skills.

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Definitions:

Marginal Cost

The escalation in expenses resulting from the creation of one additional unit of a product or service.

Output

The quantity of goods or services produced within a certain period by a firm, industry, or country.

Variable Cost

Fees that directly alter according to the scale of production or output.

Marginal Cost

The amplification in entirety of cost following the production of an additional unit of a product or service.