Microeconomics

4. the sole purchaser of a service
5. the demand for a good is greater than the supply the amount of a good available at the price
6. consumer's desire to buy goods at specific prices
9. Quantity demanded > Quantity supplied
10. TR - TC
12. the amount you pay for a good
15. coefficient A / A+B
16. what motivates people to do work
17. Quantity supplied > Quantity demanded
19. money provided by the government to allow for more allocatively efficient

1. when two firms work together to sell more and at a higher price
2. the assignment of available resources
3. the sole producer of a good
7. study that deals with the making, distribution, selling and purchasing of goods and services.
8. the cost of the next best alternative
11. someone who sells goods
12. a service or item
13. financial assets
14. the benefit received from consuming a good
18. Demand = Supply