Across
- 2. cost of production, does not change
- 5. variables plus fixed cost
- 7. electronic business over the internet
- 9. cost, tax, rent, salaries
- 10. output increases at a decreasing rate as more input is added
- 12. cost changes when rate of output changes
- 14. revenue needed to cover total amount of fixed cost
- 15. curve shows quantities sold at all prices
- 18. extra cost after adding one unit of production
- 19. graph showing quantity sold at certain prices
- 20. short production period
Down
- 1. supply more will be offered at a high price
- 3. total receipts from a firm from the scale of a given quantity
- 4. amount a firm is offering
- 6. things that manipulate price
- 8. materials used in production
- 11. relationship between changes in economic variables
- 13. government payment to increace economic activity
- 16. production relationship between input and output
- 17. long enough to make adjustments