Economics

3. decrease in the marginal output a production process as the amount of a single factor of production
6. revenue gained by producing one additional unit of a good or service
7. are the expenses which are related to the operation of a business
8. the cost added by producing one additional unit of a product or service
10. is any duty on manufactured goods that is levied at the moment of manufacture
13. application of law by government or independent administrative agencies for various purposes
15. table that lists the quantity supplied for a good or service that suppliers
16. special type of amount or quantity with an unknown value
17. cost is equal to total cost divided by the number of units of a good produced
19. make something needed or wanted available to someone
20. graphic representation of the correlation between the cost of a good or service and the quantity supplied
21. the expenses which are related to the operation of a business
22. business expenses that are not dependent on the level of goods

1. measures the responsiveness to the supply of a good or service after a change in its market price
2. describes the amount of goods or services that suppliers will produce and sell
4. is an upward sloping curve depicting the positive relationship between price and quantity supplied
5. change as the quantity of the good or service that a business produces changes
9. total product curve for labor, so we are holding the quantities of other factors constant.
11. function that produces the minimum amount of costs associated with producing a vector of outputs
12. a sum of money granted by the government or a public body to assist
14. is the change in output that results from employing an added unit of labor
18. the quantity of goods or services that suppliers offer will increase