Across
- 2. describes how much of a good is offered for a sale at a specific price
- 6. conditions of rising prices
- 9. the change output from hiring one additional unit of labor
- 12. a cost that does not change
- 14. equals fixed cost plus variable costs
- 16. a graph of the quantity supplied of a good by all suppliers at different prices
- 17. a chart that lists how much of a good all suppliers will offer at different prices
Down
- 1. occur when marginal production levels decrease with new investment
- 3. occur when the marginal product of labor becomes negative
- 4. suppliers will offer more of a good at a higher price
- 5. the cost of bringing raw materials to a production facility
- 7. occur when marginal production levels increase with new investments
- 8. a government payment that supports a business
- 10. new inventions and processes
- 11. tax on the production or sale of a good
- 13. costs that rise or fall depending on how much is produced
- 15. occurs when the government steps into the market to affect the price, or quantity; raises costs
- 16. the cost of producing one more unit of a good
