PRODUCTION

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Across
  1. 3. cash payments made by a producer to outsiders for purchases.
  2. 5. when MP is greater than AP, AP curve ___
  3. 7. a determinant of supply
  4. 9. shows the functional relationship between cost and output
  5. 10. money receipts of a firm got by the sale of its output
  6. 11. refers to the entire output of a commodity got by increasing the variable factors.
Down
  1. 1. ____ returns is the name of the 2nd stage in the law of variable proportion
  2. 2. factors whose quantities cannot be changed
  3. 4. output per unit of variable input
  4. 6. the market in which a single seller has complete control over price
  5. 8. total quantity of a commodity available with the seller at a given point of time.