Across
- 1. The total output of the firm per period
- 3. A period during which at least one of a firm's resources is fixed
- 6. Any production cost that changes as output changes
- 8. Any production cost that is independent of the firm’s output
Down
- 2. A period during which all of a firm’s resources can be varied
- 4. The sum of fixed cost and variable cost
- 5. the study of scarcity and its implications for the use of resources, production of goods and services
- 7. A relation showing the quantities of a good producers are willing and able to sell at various prices during a given period, other things constant