Across
- 4. a graph showing the quantities supplied at each and every possible price in the market
- 5. is a listing of various quantities of particular product
- 6. different amount offered at sale
- 9. decision making that compares the extra costs of doing something extra benefits gained
- 10. government payment that encourages or protects a certain economic activity
- 12. revenue extra revenue from the sales of 1 additional unit of output
- 13. graph showing no change in the amount of a single variable
- 14. an electronic business conducted over the internet
- 16. amount offered for sale at a given price point on the supply curve
- 17. of productions phases of production
- 18. defined as the amount of product that would be offered for sale
- 20. total output or production by a firm
- 21. total amount earned b a firm from a sale of its products
- 23. production level where total costs equals total revenue
- 24. maximizing quantity of product/ level of production where marginal cost is equal to marginal revenue
Down
- 1. measure of the way in which the quantity supplied responds to a change in price
- 2. costs that an organization incurs even if there is little to no activity
- 3. movement along curve
- 7. costs sum of fixed and variable costs
- 8. of supply principle that supplier's will normally offer more for sale at higher prices and less at lower
- 11. shows the quantities offered at various prices by all firms that sell the product
- 15. (total fixed costs) remain the same
- 17. product on period so short that only the variable inputs
- 19. production period enough to change the amounts of all inputs
- 22. returns stage where output increases at a decreasing rate
