Across
- 2. amount received from the sale of goods or services
- 4. indicates how much of a good consumers are both willing and able to buy at each possible price during a given time
- 5. profit below normal profit
- 7. costs that are not related directly to production
- 8. the cost of one more or one fewer units of production
- 10. States the relationship between inputs and outputs
Down
- 1. the cost per unit of output
- 3. Costs directly related to variations in output
- 6. the sum of all costs incurred in production – fixed, variable and semi-fixed
- 9. One of a firm's objectives