Examlex
The three financial statements for a proprietary fund: statement of net position; statement of revenues,expenses,and changes in fund net position; and statement of cash flows.
Economies of Scope
Cost advantages that enterprises obtain due to a broader scope of operations, often through producing a variety of products rather than specializing in just one.
Marginal Products
The extra output obtained by utilizing an additional unit of a specific input while keeping all other inputs unchanged.
Capital-labor Ratio
The ratio of capital (equipment, buildings, etc.) to labor (workforce) in an economic analysis or production process.
Annual Output
The total production or output of a good or service in a year.
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