MATCHING Match the Following Abbreviations with the Descriptive Statements

question 50

Multiple Choice

MATCHING
Match the following abbreviations with the descriptive statements.
-Develops standards for pharmacy information

• A)MESH
• B)ASTM
• C)DICOM
• D)CHI
• E)CAP
• F)RELMA
• G)HITSP
• H)LOINC
• I)NCVHS
• J)NCPDP
• K)IEEE
• L)ISO
• M)WHO
• N)UMLS
• O)NDC

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Definitions:

Cost-output Elasticity

Cost-output elasticity measures the responsiveness of the cost of producing a good to a change in the output level, indicating how costs change as production scales.

Marginal Cost

The increase in expenditure resulting from the production of an additional unit of a good or service.

Short-run Cost Function

The relationship between the cost of production and the level of output when at least one input is fixed in the short term.

Long-run Cost Function

A relationship that shows the lowest possible cost at which a firm can produce any given level of output when all inputs, including capital, are variable.