Supply

2. A table showing the quantity supplied at a range of prices
6. Rate of output
7. Innovation that results in a rise in productivity
8. reward earned by the owner of a business once costs have been taken into account. (Revenue minus costs)
10. As the price increases, the quantity supplied increases, vice versa, ceteris paribus
12. Difference between Revenue and Cost. This shows the ability of a firm to cover their costs
15. one that can be produced using the same resources e.g. pancake or pikelet.
17. a quantity limit on the amount that can be imported.

1. the graph drawn from the information in the supply schedule
3. Assuming all other factors remain the same
4. the amount paid by the producer or seller in order to have the product ready for the market. They are the cost of the inputs into the production process e.g. wages electricity
5. The raw materials or inputs required in production e.g. land, labour, capital
9. Costs to production in order to meet the requirement of NZ laws e.g. Health and Safety
11. the amount of money producers receive when they sell a good or provide a service.
13. how much income the firm earns, usually from selling its product or service (Price x quantity sold)
14. The amount a producer is willing and able to supply at a range of prices in a given time period
16. a tax on imports