Answer:
<u>DISECONOMIES OF</u> scale exist when inputs are increased by some percentage and output increases by a smaller percentage, whereas <u>CONSTANT RETURNS OF</u> scale exist when inputs are increased by some percentage and output increases by the same percentage.
Explanation:
In microeconomics, diseconomies of scale happen when you need more inputs to produce the same amounts of output. This concept follows the theory of decreasing marginal returns, since a 1% increase in inputs produces a smaller than 1% increase in output.
Constant returns of scale happen when you need the same amount of inputs to produce a constant amount of output, a 1% increase in inputs results in a 1% increase in outputs.
Answer:
To perform an open heart sirgury
Explanation:
In economics, a service is a transaction in which no physical goods are transferred from the seller to the buyer. The benefits of such a service are held to be demonstrated by the buyer's willingness to make the exchange. Public services are those that society (nation state, fiscal union, region) as a whole pays for.
Answer: Index
Explanation:
Any economic fact expressed in terms of number is known as Index,
Index is the statistical change which represents the change in the individual data point. Index measures the change in the consumer goods and its price over time in different geographical locations. Some indices display market variations that cannot be captured in other ways.
The definition of supervisory management states the highest level of management, consisting of the president and other key company executives who develop strategic plans.
<h3>What is
supervisory management?</h3>
Supervisors, within the context of business management, are those who keep an eye on the strategic direction of the company.
They are not bogged down with the operations or day-to-day activities of the company. Hence, the reason why they are called supervisory management.
Learn more about supervisory management at:
brainly.com/question/2954747
Answer:
The answer is B.
Explanation:
Some business transactions are so huge or large to the extent that there might be omission or error in recording transactions when they occur.
Adjusting entries are done to update entries for previously unrecorded expenses or revenues. They are usually done at the end of the months.
Since accrual methods are the most preferred, they are done to make Financial statement achieve the objective of 'completeness'