Across
- 3. ariations in the amounts that can be produced of two products if both depend upon the same finite resource for their manufacture
- 5. wealth or financial strength of an individual or company
- 7. MU of both the products are equal and the consumer gets the maximum TU.
- 8. the cost to produce one more widget or the profit earned by adding one more worker
Down
- 1. supply and demand balance each other
- 2. measure the rate at which changes are taking place
- 4. total satisfaction received from consuming a good or service
- 6. Smith. the father of modern economics