MANAGERIAL ECONOMICS CROSSWORD PUZZLE

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Across
  1. 3. Utility of successive units of a commodity to an individual diminishes with every increase in his stock of that commodity
  2. 6. Utility is generally related to
  3. 7. Organisation created by government to carry out commercial activities
  4. 10. The opportunity cost of entrepreneurship is
  5. 12. This implies that the consumer chooses large stock against the smaller stock of the goods at a price
  6. 14. A firm objective that goes along with market share
Down
  1. 1. Total Revenue - Total economic cost
  2. 2. Want satisfying power of a commodity
  3. 4. The effect which is a combined effect of income and substitution effect is
  4. 5. Which firm objective is the most significant and prioritised
  5. 8. The demand behaviour of the consumer in respect of these typical inferior products
  6. 9. The indifference curve is a geometrical device representing all such combination of two goods yielding "this" satisfaction at a level
  7. 11. Hicks prefers to use "this word" rather than utility to show that his analysis is distinct from Marshall analysis
  8. 13. The term ‘marginal’ in economics means