Across
- 3. The fundamental economic problem of having limited resources to satisfy unlimited wants.
- 6. market with one seller controlling supply
- 8. the amount by which total revenue exceeds total cost
- 9. cost of producing one extra unit
- 10. A tax imposed on imported goods
Down
- 1. A production function showing increasing, constant, or decreasing returns to scale.
- 2. the quantity of a good producers are willing to sell at a price
- 4. The general increase in the price level of an economy over a period of time
- 5. responsiveness of demand and supply
- 6. a system where buyers and sellers interact
- 7. A compulsory financial charge imposed on individuals or corporations by the government.