MATCHING -Match Each Item with the Correct Description Below

question 94

Multiple Choice

MATCHING
-Match each item with the correct description below.
upper leg bone

• A)(KOK-siks)
• B)(STUR-num)
• C)(KLAV-i-kul)

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Definitions:

Specialization

The process of focusing effort and resources on a limited number of activities to gain efficiency or expertise.

Average Cost

The total cost of production divided by the total quantity produced, representing the cost per unit of output.

Diminishing Marginal Productivity

A principle in economics that indicates that as one inputs more of a factor of production while holding other factors constant, the additions to output will eventually decrease.

Output

The quantity of goods or services produced in a given period by a firm, industry, or country.