economics by jeff wood

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Across
  1. 4. of labor the change in output from hiring one additional unit of labor
  2. 5. the amount of goods available
  3. 7. producers offer more of a good as its price increases and less as its price falls
  4. 12. a graph of the quantity supplied of a good by all suppliers at various prices
  5. 14. intervention in a market that affects the production of a good
  6. 15. returns a level of production in which the marginal product of labor increases as the number of workers increases
  7. 18. a measure of the way quantity supplied reacts to a change in price
  8. 20. a tax on the production or sale of a good
  9. 21. a factor that can change
Down
  1. 1. the additional income from selling one more unit of a good; sometimes equal to price
  2. 2. returns a level of production in which the marginal product of labor decreases as the number of workers increases
  3. 3. a chart that lists how much of a good all suppliers will offer at various prices
  4. 5. a graph of the quantity supplied of a good at various prices
  5. 6. a government payment that supports a business or market
  6. 8. a cost that does not change, no matter how much of a good is produced
  7. 9. the cost of operating a facility, such as a store or factory
  8. 10. a cost that rises or falls depending on the quantity produced
  9. 11. supplied the amount a supplier is willing and able to supply at a certain price
  10. 13. the cost of producing one more unit of a good
  11. 16. the total cost divided by the quantity produced
  12. 17. a chart that lists how much of a good a supplier will offer at various prices
  13. 19. the sum of fixed costs plus variable costs.