econ crossword

4. as each new worker causes total output to grow but at a decreasing rate
6. shows the data from the market supply schedule.
7. meaning each new worker adds more to total output than the last,as shown by the marginal product
10. is the income a business receives from selling a product
12. is also a measure of how responsive producers ar to price changes
13. is a tax on the production or sale of specific good or service
15. adding fixed and variable costs together
16. refers to the willingness and ability of producers to offer goods and services for sale.
20. is a table that shows how much of a good or service all producers in a market are willing and able to offer for sale at each price.
21. states that producers are willing to sell more of a good or service at a higher price than they are at a lower price.
22. the change in total product that results from hiring one more worker.
24. reaching the level of production where it realizes the greatest amount of profit
25. involves the application of scientifc methods and discoveries to the production process, resulting in new products or noew manufacturing techniques

1. are the price of the resources needed to produce a good or service
2. is the added revenue per unit of output, or the money made from each additional unit sold
3. are business costs that vary as the level of production output changes
5. is a graph that shows how much of a good or service an individual producer is willing and able to offer for sale at each price.
8. occurs when something prompts producers to offer different amounts for sale at every price
9. is a table that shows how much of good or service an individual producer is willing and able to offer for sale
11. the act of controlling business behavior through a set of rules or laws, can also affect supply
14. an increase or decrease in the amount
17. or the additional cost of producing one more unit of their product
18. having each worker focus on a particular facet of production.
19. is the amount of godds and services that a person can produce in a given time
23. are expenses that the owners of a business must incur whether they produce nothing a little or a lot