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In the efficiency wage model with the efficiency wage above the market-clearing wage,when employment is at its full-employment level
Financial Leverage
Utilizing borrowed funds to amplify the prospective gains of an investment.
Operating Leverage
The degree to which a company uses fixed operating costs, affecting its earnings before interest and taxes (EBIT) with changes in sales.
Breakeven Point
The financial position at which total costs equal total revenues, indicating that there is no net loss or gain.
Fixed Cost
Costs that do not vary with the level of output or sales, such as rent, insurance, and salaries.
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