MATCHING Identify the Letter of the Choice That Best Matches the the Phrase

question 79

Multiple Choice

MATCHING
Identify the letter of the choice that best matches the phrase or definition.
-Using this kind of image gives a visitor the opportunity to decide whether to view the full-sized image.

• A)logo
• B)bold
• C)floating
• D)thumbnail
• E)clip art
• F)text-decoration
• G)italicized
• H)physical
• I)logical
• J)rel

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Definitions:

Economies of Scale

Reductions in the firm’s per-unit costs associated with the use of large plants to produce a large volume of output.

Profit-Seeking Entrepreneurs

Individuals who start and run businesses with the primary goal of making a profit, often taking on financial risks in the pursuit of economic gains.

Economic Profits

The difference between a firm's total revenues and its total costs, including both explicit and implicit costs, representing excess profit above normal expected returns.

Resources Required

The inputs needed for the production of goods or services, including time, labor, capital, and materials.