When there is a change in activity level, then:
- Total variable cost changes.
- Variable per unit remains constant.
<h3>What happens when activity level changes?</h3>
As a result of the change in activity level, the variable cost will change in total because it increases when there is an increase in number of units produced.
The unit variable cost will however remain the same as the company incurs the same variable cost per unit produced.
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when individuals use all available information about an economic variable to make a decision, expectations are -rational
What is economic variable?
An economic variable is any measurement that helps to consider how an economy may function . for instance population, poverty rate, inflation, and available resources.
What are the five economic variables?
There are 5 common economic variable that are considered :
output, gross domestic product ( GDP ), production, income, and expenditures.
What factors cause economic growth?
Basically , there are two main cause of economic growth: growth in the size of the workforce and growth in the production activity (output per hour worked) of that workforce.
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<h2>Basic research is the least likely to result in product innovation that have near-term commercial application</h2>
Explanation:
Basic research, is otherwise called pure research. This is the first step in production innovation. This is followed by "applied research", then "innovation development", then to go for "production-sales-market".
The information gathered here will be very light or a starter. It is not possible to foresee all the outcomes or the benefits which is achieved in the basic research.
We cannot even predict the types of research knowledge which might add a value to the future changes
Using redesign template designs you can think about the relationship between your resumé and cover letter.
What is ATS (applicant tracking system) ?
An applicant tracking system (ATS) can be used by businesses to organize and monitor candidates for hiring and recruitment purposes. With the use of these tools, businesses may collect data, categorize prospects based on their experience and skill level, and screen potential employees.
More than 90% of Fortune 500 organizations currently employ ATSs. Even though these systems are excellent at keeping candidate information, the best application tracking systems can keep track of all communications with candidates. By making it easier to search and filter resumes and other applicant information, this decreases time to fill and ensures that businesses obtain the best candidates for the position.
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