Applied Economics

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Across
  1. 2. firms produce identical products
  2. 4. costs that change and are wedded to the production process
  3. 5. impacts the customer
  4. 6. this expenses include labor, raw materials, manufacturing supplies and overhead costs.
  5. 8. impacts the producer
  6. 10. minimum price; price is held above its equilibrium level
Down
  1. 1. costs that aren't directly associated with the production of a product
  2. 3. maximum price; price is held below its equilibrium level
  3. 7. pays its own taxes before distributing profits or dividends to shareholders
  4. 9. costs make up all the total of all the indirect costs that re required during the production