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MATCHING Each Item May Be Matched Only Once. Select the Best

question 32

Multiple Choice

MATCHING
Each item may be matched only once. Select the best match.
-the ability of public officials to communicate with each other seamlessly in real time by voice or data transmissions


Definitions:

Output

The cumulative quantity of products or services generated by a corporation or nation.

AVC

Average Variable Cost is the total variable costs divided by the quantity of output.

Diminishing Returns

A principle in economics where each additional unit of input results in a progressively smaller increase in output.

Diseconomies of Scale

The phenomenon where production costs per unit increase as a firm or industry's output expands.

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