chapter 5

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