Basics of Economics

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Across
  1. 4. Returns to scale operates in _____ period
  2. 6. Studies individual units
  3. 7. Money earned by the entrepreneur
  4. 8. Want-satisfying power of a commodity
  5. 9. The supply curve will shift to the ______ when prices of raw materials increases
  6. 10. TC > TR
  7. 11. Converting raw materials to finished goods
  8. 12. Additional
Down
  1. 1. TR-TC
  2. 2. Founder of business economics
  3. 3. sole seller of the product
  4. 5. Elasticity equal to 1
  5. 11. highest point of the business cycle
  6. 13. ATC - AVC