unit costs of production

Equalisation of money wage rates would, in this scenario, raise the unit costs of production in peripheral areas, thereby reducing competitiveness and contributing to further decline.

The overarching aims of this work is to create an overall improvement in the production of jueveile lobsters, their fitness and their unit costs of production.

Competition among product manufacturers to lower the unit costs of production continually drives technological development by the tool manufacturers, as long as the costs of R&D and tooling purchase amortization are lower than the amount of money saved by productivity increases (e.g., wage expense reduction).