chapter 5

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Across
  1. 2. cost of production, does not change
  2. 5. variables plus fixed cost
  3. 7. electronic business over the internet
  4. 9. cost, tax, rent, salaries
  5. 10. output increases at a decreasing rate as more input is added
  6. 12. cost changes when rate of output changes
  7. 14. revenue needed to cover total amount of fixed cost
  8. 15. curve shows quantities sold at all prices
  9. 18. extra cost after adding one unit of production
  10. 19. graph showing quantity sold at certain prices
  11. 20. short production period
Down
  1. 1. supply more will be offered at a high price
  2. 3. total receipts from a firm from the scale of a given quantity
  3. 4. amount a firm is offering
  4. 6. things that manipulate price
  5. 8. materials used in production
  6. 11. relationship between changes in economic variables
  7. 13. government payment to increace economic activity
  8. 16. production relationship between input and output
  9. 17. long enough to make adjustments