Across
- 5. Quantities supplied at each price
- 9. Those things used to produce a good or service
- 10. Variables other than price that influence buyers' decisions
- 12. Total amount produced, Total Product
- 15. Study of the economy as a whole
- 17. Quantity consumers want to buy at one price
- 21. Advantage from lowest opportunity cost
- 22. Lower limit on prices
- 23. Total Cost divided by output
- 24. Buyers and Sellers of a good or service
- 26. The amount of money that must be paid to purchase a good
- 27. Benefits from specialization and trade
- 29. The economy as it is
- 31. Quantity sellers willing to sell at one price
Down
- 1. highest valued alternative foregone
- 2. Addition to Total Product from the last bit of labor used
- 3. The process of producing goods
- 4. Addition to Total Cost from last unit produced
- 5. Limitation in quantity
- 6. Quantities demanded at each price
- 7. Human effort in production
- 8. Total Revenue minus Total Cost
- 11. When quantity supplied is greater than quantity demanded
- 13. Addition to Total Revenue from last unit produced
- 14. Total Variable cost divided by Output
- 16. Buildings Machines and Equipment
- 18. Consumer responsiveness to changes in price
- 19. The economy as it should be
- 20. Upper limit on prices
- 25. Gaining one thing means losing another
- 28. When Total Costs exceed Total Revenue
- 30. Where demand equals supply
- 32. When quantity demanded is greater than quantity supplied