HOMEWORK#2

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Across
  1. 2. P=MC=D=MR
  2. 6. Exists within an oligopoly industry because each of the oligopolists has a sizable part of the
  3. 8. Zero economic profit
  4. 9. Is the opportunity cost equal to what a firm must give up in order to use a factor of production for which it already owns an
  5. 11. Public utilities
  6. 12. The additional satisfaction received from consuming an additional unit of a good is called the
  7. 14. Airlines,computer makers,household appliances
Down
  1. 1. the monetary costs a firm pays out and the revenue a firm receives
  2. 3. Is a direct payment made to others in the course of running a business
  3. 4. Shoes,clothing,printing companies
  4. 5. The monetary costs and opportunity costs a firm pays and revenue a firm receives
  5. 7. Fixed cost
  6. 10. Always changing
  7. 13. All costs are variable