The Application of New Technologies to the Production Process Will

question 78

Multiple Choice

The application of new technologies to the production process will increase:

• A)average labor productivity.
• B)the share of the population employed.
• C)the unemployment rate.
• D)the quantity of human capital.

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Definitions:

Fixed Manufacturing Overhead

A consistent cost incurred during manufacturing that does not vary with the level of production, such as salaries of managers or rent.

Cooling Coil

A component used in refrigeration and air conditioning systems to transfer heat and cool down air or liquids passing through it.

Predetermined Overhead Rate

A rate calculated by dividing the estimated total manufacturing overhead cost by the estimated job base for a specific period, used to allocate overhead costs to products.

Commercial Refrigerators

Refrigeration equipment designed specifically for commercial use to store perishable goods under controlled temperatures.