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