economics
Across
- 3. Revenue that comes from additional income received from each increase of one unit in sales
- 5. Economy where there are both parts command and market
- 6. Giving up one alternative good or service for another
- 10. Money a business receives from selling its goods
- 11. All the things that can be used in making products or services that people want
- 13. Economy where decisions are made on the basis of habit or custom
Down
- 1. Economy where the government answers all the economic questions
- 2. Cost that changes depending on how much a business produces
- 4. Cost that do not change
- 7. Cost of the next best use of your money or time when you choose to do one thing rather than another
- 8. Economy where businesses own the resources used to produce goods and services
- 9. Desires that people have that can be met by getting a product or a service
- 12. Occurs whenever we do not have enough resources to produce all of the things we would like to have
- 13. Cost that combines variable and fixed