Theory of the firm

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Across
  1. 4. total revenue-explicit cost
  2. 6. total revenue - (explicit costs + implicit costs)
  3. 7. total revenue < cost
  4. 9. size
  5. 10. do not vary with output
Down
  1. 1. higher cost as output expands
  2. 2. explicit + implicit costs
  3. 3. increase in cost from producing more
  4. 5. product
  5. 8. out of pocket