Because Workers in the U

question 541

Multiple Choice

Because workers in the U.S. economy receive most of the total income earned, which of the following factors of production is considered to be the most important?

• A)profit
• B)wages
• C)interest
• D)labor

---

Definitions:

Total Fixed Expense Line

A representation of all fixed costs combined, often used in financial analysis to assess a company's expenses.

Contribution Margin Ratio

The percentage of each sale that contributes to covering fixed costs and generating profit, calculated as contribution margin divided by sales revenue.

Total Volume

The cumulative amount or quantity of something, often referring to production output or sales in a business context.

Unit Contribution Margin

The amount each unit sold adds to profit, calculated by subtracting variable costs associated with a product from the sales price per unit.