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A company has fixed costs of $60,000 per month. If sales double from 6,000 to 12,000 units during the month, fixed costs in total will
Technological Change
The development and application of new technologies and methods in production, often leading to increased efficiency and productivity.
Unemployment
The situation when individuals who are capable of working and willing to work are unable to find employment.
Economic Resource
Resources utilized in creating goods and services, including land, labor, capital, and entrepreneurship.
Business Checking Account
A bank account designed for business transactions, allowing companies to easily manage their cash flow, pay bills, and deposit earnings.
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