Economics

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Across
  1. 2. price that equates quantity supplied to the quantity demanded
  2. 5. collection of buyers and sellers
  3. 9. a list with specific quantities of one or more goods
  4. 15. relationship between the quality of a good and price that consumers are willing to buy
  5. 18. situation in which the quantity supplied exceeds the quantity demanded
  6. 19. a condition of preferring a risky income to a guaranteed income
  7. 20. deals with the aggregate economic variables
  8. 21. condition of preferring a guaranteed income to a risky income
  9. 26. all combinations of goods for which the total amount of money is equal to income
  10. 27. a graph showing all possible combinations of labor and capital for a given total cost
  11. 28. the cost of utilizing all economic resources in production
  12. 29. relationship between the quality and price of a good that producers are willing to sell
  13. 30. the actual expenses plus any depreciation charges
Down
  1. 1. a cost that does not vary with the amount of output
  2. 3. expenditure that has been made and can never be recovered
  3. 4. absolute price of a good, unadjusted for inflation
  4. 6. cost that vary as the output produced varies
  5. 7. condition of being indifferent between a guaranteed income and a fixed income
  6. 8. situation in which the quantity demanded exceeds the quantity supplied
  7. 10. price of a good relative to an aggregate measure of prices
  8. 11. total cost consisting of fixed and variable costs
  9. 12. change in revenue resulting from a one unit increase in output
  10. 13. policy of treating a one time expenditure as a cost spread out over many years
  11. 14. deals with the behaviors of individual economic units
  12. 16. percentage change in one variable resulting from a one percent increase in another
  13. 17. two goods for which incr price of one leads to decr in quantity
  14. 22. a curve relating the quantity of a good consumed to income
  15. 23. additional output produced as the input is increased by one unit
  16. 24. two goods for which an incr in price of one leads to an incr in quantity
  17. 25. a curve representing all combinations of market baskets associated with the same satisfaction