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Compared to high school graduates, what is likely to happen to employment and wages for college graduates during a recession?
Unused Capacity
The available but not utilized production ability of a company which could potentially generate revenue if employed.
Unit Cost
The cost incurred to produce, store, or acquire one unit of a product, calculated by dividing the total cost by the number of units.
Differential Cost
The difference in cost between two alternative decisions or scenarios.
Sunk Cost
Costs that have already been incurred and cannot be recovered or altered and should not affect future business decisions.
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