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Decreased cost refers to a reduction in the expenses associated with producing goods or services, which can result from factors like improved efficiency, bulk purchasing, or technological advancements. Increased production, on the other hand, denotes a rise in the quantity of goods or services produced, often achieved through enhanced processes, greater workforce capacity, or expanded facilities. Together, these concepts can lead to higher profit margins, enabling businesses to offer competitive pricing while scaling operations effectively.
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Why is labor an active factor of production?
it can be increased or decreased based upon demand
Why is labor considered an active factor of production?
it can be increased or decreased based upon demand
Total variable cost does not increase in proportion to output is it true?
False, it is the fixed cost which is not increased or decreased with proportion to output.
The economic downturn following the war included decreased production lower wages and high cost of living all of which led to?
The cost of soldiers' benefits after the war
What happens to a supply curve if a tax on a good is repealed?
The supply curve of that good will increase or move to the right because the cost of production will have decreased.
How can you use production in a sentence?
I have several sentences for you.Production of that toy has stopped.We increased production of the new item.How can we increase production without increasing cost too much?There is a decreased production of energy efficient devices lately.
Has American shoe production increased?
American production has decreased every year since 1968
Did American wars decreased employment and increased production?
False!(OW)
Why is labor an active factor of production?
it can be increased or decreased based upon demand
Is the size of ozone hole increased or decreased after stopping the production of CFC?
The size has decreased. The ozone has started to replenish itself.
Why is labor considered an active factor of production?
it can be increased or decreased based upon demand
Why an assembly line lowers cost?
Increased production
Are robots used for surveying tools?
The number of robots, working as surveying tools has increased to a moderate ammount, since the production cost, and thus the price of them, decreased over time. But they are still rather expensive.
Total variable cost does not increase in proportion to output is it true?
False, it is the fixed cost which is not increased or decreased with proportion to output.
What are factors to consider when employing risk management?
residual risk, increased cost and decreased productivity
Is accounts receivable increased or decreased by a credit?
decreased
What likely happened to the price of the books?
The price of the books likely fluctuated due to market demand, cost of production, and competitive pressures. It may have increased if demand surpassed supply or production costs went up. Conversely, the price could have decreased if there was excess inventory or intense competition.
