Across
- 3. long run is a period during which all ___ resources can be varied
- 6. ______run is A period during which at least one of a firms resources is fixed
- 7. The total ____ of the firm per period
- 8. ____cost is independent of the firm’s output
Down
- 1. _____ of a supply curve is the Increase or decrease in supply resulting from a change in one of the determinants of supply other than the price of the good
- 2. variable cost varies with the amount _____
- 4. ____revue is The change in total revenue from selling another unit of the good
- 5. variable ___ is Any production cost that changes as output changes
- 6. law of ___ is The quantity of a good supplied during a given time period is usually directly related to its price, other things constant