First,what Are the Primary Determinants of Output Per Worker? and Second,to

question 63

Essay

First,what are the primary determinants of output per worker? And second,to what extent can each cause a permanent change in economic growth?

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Definitions:

Contribution Margin

The difference between sales revenue and variable costs, representing the portion of sales revenue that exceeds variable costs.

Variable Expenses

refer to costs that change in proportion to the level of production or sales volume.

Return On Investment

A measure of the profitability of an investment, calculated by dividing the net profit from the investment by its cost.

Operating Expenses

The costs associated with running the day-to-day operations of a business, excluding the cost of goods sold.