Often,improvements in Technology

question 41

Multiple Choice

Often,improvements in technology:

• A)can lead to more improvements in technology.
• B)can lead to sustainable rates of growth in income for a country.
• C)can continuously increase the productivity of workers.
• D)All of these are true.

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Definitions:

Contribution Margin Ratio

A financial metric that measures how effectively a company can cover its variable costs with revenue, calculated as contribution margin divided by sales revenue.

Variable Cost Per Unit

The cost that changes in proportion to changes in the level of output or activity.

Income From Operations

The profit realized from a business's ongoing core business operations, excluding deductions of interest and taxes.

Break-even Point

The point at which total costs and total revenue are equal, resulting in no net loss or gain.