economics

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Across
  1. 2. cost, less of the benefit of the next best alternative forgone
  2. 4. efficiency, producing a good or service that maximises utility by matching the preference of consumers
  3. 5. efficiency, minimising costs and reducing waste to max output from available resorces
Down
  1. 1. cost, cost of producing one more unit of output
  2. 3. when a choice has to be made but only one option is possible