chapter 5

1234567891011121314151617181920
Across
  1. 4. variables plus fixed cost
  2. 6. long enough to make adjustments
  3. 7. cost, tax, rent, salaries
  4. 11. revenue needed to cover total amount of fixed cost
  5. 13. relationship between input and output
  6. 15. shows quantities sold at all prices
  7. 17. relationship between changes in economic variables
  8. 19. graph showing quantity sold at certain prices
  9. 20. extra cost after adding one unit of production
Down
  1. 1. materials used in production
  2. 2. output increases at a decreasing rate as more input is added
  3. 3. cost changes when rate of output changes
  4. 5. things that manipulate price
  5. 8. electronic business over the internet
  6. 9. cost of production, does not change
  7. 10. short production period
  8. 12. total receipts from a firm from the scale of a given quantity
  9. 14. amount a firm is offering
  10. 16. government payment to increace economic activity
  11. 18. more will be offered at a high price