Economics

2. change in total production cost from producing one additional unit
3. a good that decreases in demand with an increase in income
5. a type of corporation exempt from tax but must benefit the public
7. a basic good used in commerce that is interchangeable with other goods of the same type
10. when supply=demand, the market is at ______
11. employees, workers, etc.
12. economics is the study of _______

1. an individual establishes the brand's trademark and another pays a royalty for the right to do business under the brand
4. market that has a small number of big suppliers
6. part of the economy controlled by the government
8. a payment to someone or a firm, usually by the government to offset market failures and to achieve greater efficiency
9. when supply exceeds demand
10. tax on money or property left behind when a person dies