Theory of Cost

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Across
  1. 6. Cost of inputs owned by the producer and used in production
  2. 9. The cost incurred on actual payment like rent, wages, interest
  3. 10. Total fixed cost divided by output
  4. 11. It is horizontal line parallel to the Xaxis
  5. 12. The cost directly related to the level of production
  6. 13. Cost that does not change with the level of output
  7. 14. The cost of producing an additional unit of output
Down
  1. 1. Cost per unit of variable factors
  2. 2. Total cost minus total fixed cost
  3. 3. Sum of average fixed cost and average variable cost
  4. 4. It is the payment made to the outsider
  5. 5. It is also known as Supplementary cost
  6. 7. It is Inversely S shaped starting from the origin
  7. 8. Total cost divided by total output