Match the Terms with Their Definitions

question 24

Multiple Choice

Match the terms with their definitions.
-Rhinophyma

• A)Discoloration of fingers or toes after exposure to changes in temperature
• B)Small raised areas of skin filled with pus
• C)Nose becomes enlarged and misshapen
• D)An acute, pus-causing, inflammatory skin disease
• E)Skin that is chaffed or roughened
• F)Pigment that gives skin its color
• G)Blackheads
• H)Fibrous protein that gives skin its flexibility
• I)Solid elevation less than 1 cm
• J)Agents to cleanse or peel the skin

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Definitions:

Productive Efficiency

A situation where an economy or a production process is operating in such a way that it could not produce more of one good without producing less of another.

Profit-Maximizing

This is the process by which a company adjusts its production levels and pricing strategies to achieve the highest possible profit.

Short Run

A period in which at least one input is fixed and cannot be changed by the firm.

Economies Of Scale

The advantages in cost that enterprises gain by scaling up their operations, usually seen as a decrease in the per-unit cost of output as production scales up.