Chapter 5 Vocab

2. product of labor decreases as the number of workers decreases
4. product increases as the number of workers increases.
7. The additional money that comes from selling one more unit of goods
8. The government has power over the product
9. cost of running a business
10. as the quantity of goods increase so will pricest
13. a graph that shows how much supplies of a good makes at different prices
17. the output when firing or hiring someone
18. Income from the government
19. a cost that doesn’t change no matter what
20. a graph that shows how much of a good by all suppliers make at different prices
21. Chart that shows how much a supplier is willing to sell an item at different prices

1. Chart that shows how much all suppliers will sell an item at different prices
3. how people react to a change in price of a good
5. a cost that changes depending on how much of the good is made.
6. the amount a someone is willing to sell at a certain price
11. goods that is available to consumers
12. Tax on any good
14. something that can change
15. The cost of making one more unit of a certain good.
16. a mixture of fixed and variable cost.