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Economic Mid-term Crossword
Down
:
1) a level of production in which the marginal product of labor increases as the number of workers increases
2) the amount a supplier is willing and able to supply at a certain price
3) the additional income from selling one more unit of a good; sometimes equal to price
5) a measure of the way quantity supplied reacts to a change in price
6) a table that lists the quantity of a good all consumers in a market will buy at every different price
8) a chart that lists how much of a good supplier will offer at different prices
9) A government payment that supports a business or market
Across
:
4) a level of production in which the marginal product of labor decreases as the number of workers increase
6) the cost of producing one more unit of a good
7) a chat that lists how much of a good all suppliers will offer at different princes
10) a graph of the quantity supplied of a good at different prices
11) a tax on the production or sale of a good
12) economic law that states that consumers buy more of a good when its prices decreases and less when its prices increases
13) a cost that rises or falls depending on how much is produced
14) the change in output from hiring one additional unit of labor
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