Across
- 6. The point where marginal benefit equals marginal costs
- 7. Total satisfaction gained from consuming or using a good/service
- 8. Result of people having unlimited wants and limited resources
- 9. What motivates individuals businesses, and gov to undertake or avoid an action
- 11. Act of willingly trading one item or service based on value
- 12. Economic model that illustrates possible production combinations
Down
- 1. Change in total cost paid for one more unit
- 2. Efficiency with which goods and services are produced
- 3. Change in total benefit received from one more unit
- 4. Value of the next best choice that is given up when making a choice
- 5. Distribution of goods
- 10. Comparing marginal costs and marginal benefits of a choice or action