Economics

1. are goods that are used together, so a rise demand for one increase the demand for the other.
5. is the extra cost of producing one more unit.
7. is a set of rules or laws designed to control bussines behavior.
10. is the money made from the sale of each additional unit of output.
12. is a change in the amount that consumer will buy because they buy substitute goods instead.
13. are goods that consumer demand more of when their incomes rise.
15. when a change in price, either up or down leads toa relatively large change in the quantity demanded.
17. is the level of production at which they realized.
18. is the desire to have some goog or service and the ability to pay for it.
23. states that producers are willing to sell more of a good or services at a higher price than they are at a lower price.
24. are expense that the owners of a business must incuir whether they produce nothings, a little or a lot.
25. is the desire and ability to produce and sell a product.
26. graphically shows the data from demand schelude.

2. state that the marginalbenefit of using each additional unit of a product during a given period will decline.
3. is the change in the amount that consumer will buy because the purchasing power of their income changes.
4. states that when the price of a good or services falls, consumers buy more for it.
6. is the sum of fixed and variable cost.
8. shows the data from a market supply schedule in graph form.
9. is the price of the resources used to make products.
11. when a changes in price leads to a relatively smaller change in the quantity demanded.
14. graphically shoes the data from a market demand schedule.
16. are businnes cost that vary as the level of production output changes.
19. are goods that consumer demand less of when their incomes rise.
20. are goods and services that can be used in place of each other.
21. is a tax on the making or selling of certain good or services.
22. shows the date from supply schedule in graph form.