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List the productivity factors that may explain the differences in pay between men and women in similar occupations. Do any of these factors arise as a result of cultural or social traditions? If so, describe how changes in social relationships will affect the pay gap over time.
Total Cost
The complete expense incurred in the production of a set amount of goods or services, including both fixed and variable costs.
Cost Of Capital
The required return necessary to make a capital budgeting project, such as building a new plant, worthwhile.
Cost Of Labor
The total cost incurred by employers to compensate employees, including wages, benefits, and taxes associated with employing labor.
Total Cost
The sum of all costs incurred by a business in producing a certain level of output, including both fixed and variable costs.
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