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NORMATIVE DEVELOPMENT Is to IDEOGRAPHIC DEVELOPMENT as ____ Is to ____

question 158

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NORMATIVE DEVELOPMENT is to IDEOGRAPHIC DEVELOPMENT as ____ is to ____.


Definitions:

Fixed Cost

Expenses that do not change with the level of production or sales, such as rent, salaries, and insurance.

Fixed Costs

Expenses that do not change with the level of production or sales, such as rent, salaries, and insurance premiums.

Variable Costs

Expenses that change in proportion to the activity or production level of a business.

Output

The total amount of goods or services produced by a company or economy in a given period.

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