Economics

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Across
  1. 7. includes labor, land, and capital
  2. 8. relationship between input used and output created
  3. 9. refers to the size of the production process
  4. 10. includes rent, insurance, and property taxes
Down
  1. 1. changes with the rate of output
  2. 2. the change in output associated with one additional unit of an input
  3. 3. the product that the firm creates
  4. 4. total revenues - explicit costs
  5. 5. accounting profit - implicit costs
  6. 6. when long run avg. total costs decline as output expands