Examlex
Which of the following involves comparing two documents by creating a third document that shows what the second document added to or deleted from the first document?
Efficiently Allocated
The optimal distribution of resources among different possibilities to maximize productivity and utility.
Least Cost
The principle of choosing the option that provides the necessary level of benefit or utility at the minimum possible cost.
Production
The process of combining various material inputs and immaterial inputs (plans, know-how) to make something for consumption.
Constant-cost Industry
An industry in which the costs of production do not change as the industry's total output changes.
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