Across
- 4. during the initial phase TP increses at __rate
- 6. short run production function is of __ proportion type
- 10. output per unit variable input
- 11. MP curve cuts AP curveat its__.
- 12. period in which all production factors can be changed
- 14. transformation of input into output
- 16. volume of goods produced during a given period
Down
- 1. production function is __ in nature
- 2. TP is summation ___
- 3. period in whichproduction factors are classified into fixed and variable
- 5. point where curvature of TP curve changes
- 7. when MP>AP,AP
- 8. total goods produced by a firm in agiven period.
- 9. when TP increases at diminishing rate MP
- 13. long-run production function is of __proportion type
- 15. factors that cannot be changed in short run