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Which scenario would be appropriate for using a salary-only plan?
Computer Programmers
Professionals who write, test, and maintain the code that allows computer applications and software programs to function.
Salaries Increase
A salaries increase refers to the rise in the amount of money paid to employees for their work, often as a result of negotiations, performance evaluations, or inflation adjustments.
Economies of Scale
The cost advantage that arises with increased output of a product, where costs per unit decrease due to efficiencies gained from larger scale operations.
Long-Run Average Cost Curve
A curve showing the lowest possible cost at which a firm can produce any given level of output in the long run when all inputs are variable.
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