Economics unit 5 crossword

2. as each new worker causes total output to grow but at a decreasing rate
3. the change in total product that results from hiring more workers
5. are expenses that the owners of a buisness must incur
8. a graph that shows how much of a good or service an individual producer is willing and able to offer for a sale at each
10. the amount of goods and services that a person can produce
12. an increase or decrease im the amount
14. an increase in the price of goods or services results in an increase in the quantity that suppliers make available to the market.
15. the added revenue per unit of output
20. occurs when something prompts procedures to offer different amounts for sale at every price
22. of production by adding fixed and variable costs togethor
23. a measure of how responsive producers are to price changes
25. shows the data from the market supply schedule

1. a table that shows the quantity supplied at each price.
4. is the income a buisness receives from selling a product
6. cost the addittional cost of producing more one more unit of their product
7. when the marginal cost and marginal revenue are equal
9. a tabular statement of the various quantities of the product that all the suppliers in the market are willing to supply at various price levels during a specific time period.
11. are the price of the recources needed to produce a good or service
13. act of controlling buisness behavior through a set of rules or laws
16. having each worker focus on a particular facet of production
17. involves the application of scientific methods and discoveries to the production process
18. are buinsess cost that vary as the level of production output changes
19. each new worker adds more to total output than the last
21. a tax on the production sale of a specific good
24. a stock of a resource from which a person or place can be provided with the necessary amount of that resource.