Economics Chapter 5

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Across
  1. 2. A chart that lists how much of a good a supplier will offer at different prices
  2. 3. a cost that does not change, no matter how much of a good is produced
  3. 6. states that producers are willing to sell more of a good or service at a higher price than they are at a lower price
  4. 10. a graph of the quantity supplied of a good by all suppliers at different prices
  5. 11. a factor that can change
  6. 14. a chart that lists how much of a good all suppliers will offer at various prices
Down
  1. 1. The amount of a good that sellers are willing and able to sell
  2. 4. a level of production at which the marginal product of labor decreases as the number of workers increase
  3. 5. the change in output from hiring one additional unit of labor
  4. 7. a level in of production in which the marginal product of labor increases as the number of workers increase
  5. 8. A measure of the way quantity supplied reacts to a change in price
  6. 9. the willingness and ability of a producer to produce and sell a product
  7. 12. a cost that rises or falls depending on the quantity produced
  8. 13. A graph of the quantity supplied of a good at different prices