Firms' costs, revenues and objectives

Edit Answers
123456789
Across
  1. 5. It refers to an expense incurred by a firm.
  2. 6. The total cost or revenue calculated per unit of output is termed as _____________ cost or revenue.
  3. 7. When a firm increases its resources and output in exactly the same proportion, this is referred to as _______________ returns to scale.
  4. 9. When a firm increases its resources and benefits from a larger than proportionate increase in output, this is known as ____________ returns to scale.
Down
  1. 1. A cost which remains unchanged at all levels of output is known as a ___________ cost.
  2. 2. It refers to the money collected by a firm upon the sale of its products.
  3. 3. The sum of fixed and variable cost is termed as _________ cost.
  4. 4. When a firm increases its resources but experiences a less than proportionate increase in output, this is described as ____________ returns to scale.
  5. 8. A cost which varies directly with output is termed as ___________ cost.