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Q. What is Unit Labour Cost?
Unit Labour Cost: How much an employer pays for labour needed to produce each unit of a good or service. Unit labour cost can be computed by dividing a worker's hourly (or annual) labour cost, by amount (in physical units or value terms) that they produce during that hour (or year). It is hence the ratio of labour costs to productivity. Companies try to decrease their unit labour cost, either by increasing productivity (denominator) orby reducing labour costs (numerator).
How might you determine whether flute-playing ability is a highly heritable trait? If you want to improve your flute playing and someone tells you that musical ability is heritable
Use of Income elasticity of demand: Income elasticity of demand on the other hand, has the following uses (i) Income elasticity of demand shows how the pattern of consumer de
Q. What is Climate Change? Climate Change:As a consequence of cumulative emission of carbon dioxide (a by-product of fossil fuel use) and other chemicals over past two centurie
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according to Tobin 1993,examples of Keynesian unemployment includes situation where
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what is the definition of economic system?
Assume that the market for lamb is perfectly competitive. Using an appropriate model (or models) illustrate and explain a. How a competitive market arrives at equilibrium
Q. What do you meant by Multinational Corporation? Multinational Corporation: A multinational corporation (MNC) is a company that directly undertakes productive facilities or o
what is the south africas governments standpoint on international trade
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