economics project

3. The fundamental economic problem of having limited resources to satisfy unlimited wants.
6. market with one seller controlling supply
8. the amount by which total revenue exceeds total cost
9. cost of producing one extra unit
10. A tax imposed on imported goods

1. A production function showing increasing, constant, or decreasing returns to scale.
2. the quantity of a good producers are willing to sell at a price
4. The general increase in the price level of an economy over a period of time
5. responsiveness of demand and supply
6. a system where buyers and sellers interact
7. A compulsory financial charge imposed on individuals or corporations by the government.