Firms, Cost, Revenue

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Across
  1. 4. the total amount that has to be spent on the factors of production used to produce a product.
  2. 8. a merger with a firm at an earlier stage of the supply chain.
  3. 10. a merger with a firm at a later stage of the supply chain.
  4. 11. the amount of money that has to be given to obtain a product.
Down
  1. 1. costs that change with output.
  2. 2. the merger of firms producing the same product and at the same stage of production
  3. 3. the total amount of money received from selling a product.
  4. 5. lower long run average costs resulting from a firm growing in size.
  5. 6. costs which do not change with output in the short run.
  6. 7. total fixed cost divided by output.
  7. 9. total cost divided by output.