Introduction to Costs

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Across
  1. 4. An input whose quantity can be changed in that time period is called a ___ input
  2. 6. Another way of saying total output
  3. 7. An opportunity cost of using the resources owned by the firm
  4. 8. A cost that needs to be paid even when output is zero
  5. 9. A time period where all inputs are variable
  6. 10. A cost that require an outlay of money by the firm
Down
  1. 1. Shows the relationship between inputs and outputs
  2. 2. A time period where at least one input is fixed
  3. 3. Output produced by each additional worker
  4. 5. Accounting profit minus the implicit costs gives?