Economics

2. table that lists the quantity supplied for a good or service that suppliers
3. decrease in the marginal output a production process as the amount of a single factor of production
6. graphic representation of the correlation between the cost of a good or service and the quantity supplied
7. measures the responsiveness to the supply of a good or service after a change in its market price
8. business expenses that are not dependent on the level of goods
10. function that produces the minimum amount of costs associated with producing a vector of outputs
13. the cost added by producing one additional unit of a product or service
14. cost is equal to total cost divided by the number of units of a good produced
15. is any duty on manufactured goods that is levied at the moment of manufacture
18. application of law by government or independent administrative agencies for various purposes
19. is an upward sloping curve depicting the positive relationship between price and quantity supplied
20. a sum of money granted by the government or a public body to assist
21. the expenses which are related to the operation of a business
22. is the change in output that results from employing an added unit of labor

1. are the expenses which are related to the operation of a business
4. total product curve for labor, so we are holding the quantities of other factors constant.
5. describes the amount of goods or services that suppliers will produce and sell
9. change as the quantity of the good or service that a business produces changes
11. revenue gained by producing one additional unit of a good or service
12. the quantity of goods or services that suppliers offer will increase
16. special type of amount or quantity with an unknown value
17. make something needed or wanted available to someone