For Financial Transactions to Occur,money Must _____

question 130

Multiple Choice

For financial transactions to occur,money must _____.

• A)be manufactured
• B)change hands
• C)be saved
• D)be privately held

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Definitions:

Output

Output is the total amount of goods or services produced by a person, machine, business, or country.

Average Costs

Average costs refer to the total cost of production divided by the number of units produced, indicating the cost of producing each unit.

Marginal Costs

The cost added by producing one additional unit of a product or service.

Diseconomies of Scale

The phenomenon where production costs per unit increase as the scale of operation expands.