Across
- 4. find the answer of formula: VC/Q=?
- 5. TR-TC=? what is the answer of this formula
- 7. find the answer of formula: TC/Q=?
- 8. which kind of profit includes both explicit and implicit costs when calculating
- 10. find the answer of formula: FC/Q=?
- 11. The cost of something you give up to get it
- 13. Amount a firm receuves for the sale of its output
Down
- 1. require an outlay of money e.g., paying wages to workers
- 2. do not require a cash outlay
- 3. in which profit only include explicit cost, so its bigger than another one
- 6. Market value of the inputs a firm uses in production
- 9. which cost vary with the quantity of output produced
- 12. which cost do not vary with the quantity of output produced
