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Skill-based pay systems have at least four potential advantages.Identify two of them.
Peak Efficiency
The state or condition in which a system, process, or machine operates at its highest level of effectiveness with minimal waste of resources.
Peak Efficiency
The point at which an operation is performing at its maximum effectiveness without wasting resources.
Marginal Cost
The cost incurred by producing one additional unit of a product or service.
Marginal Revenue
The additional revenue that a firm earns by selling one more unit of a good or service.
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