Across
- 3. He is one who wants to get maximum satisfaction out of his given income
- 5. The standard unit of measurement used by A. Marshall to measure utility
- 7. It shows different combinations of 2 goods offering the same levels of satisfaction
- 8. It refers to the attainable combinations of a set of 2 goods
- 9. It refers to the way in which a consumer spends their income
- 12. Effect of change in price of a related on the demand for a commodity
- 16. It is the problem related to the allocation of resources to different uses
- 17. One who gathers capital and organizes factors of production
- 20. These are goods for which increases as income of the buyers rise
Down
- 1. It refers to a situation wherein a consumer gets maximum satisfaction
- 2. It studies the problem of efficient use of resources
- 4. It is a graphic representation of a demand schedule
- 6. It refers to the value of a factor in its next best alternative use
- 10. The satisfaction derived from the consumption of a commodity
- 11. It is the transformation of input into output
- 13. The desire to buy a commodity backed with sufficient purchasing power
- 14. These are goods for which decreases as income of the buyers rise
- 15. A situation where there is not enough resources
- 18. It is the study of man in the ordinary business of life
- 19. it is a scientific inquiry into a problem using statistical tools