In each blank, try to type in the
word that is missing. If you've
typed in the correct word, the
blank will turn green.
If your not sure what answer should be entered, press the space bar and the next missing letter will be displayed. When you are all done, you should look back over all your answers and review the ones in red. These ones in red are the ones which you needed help on. Term: diminishing marginal Definition: a level of production in the marginal product of labor decreases as the number of workers increases Term: of supplyDefinition: a measure of the way quantity supplied reacts to a change in Term: excise Definition: a tax on the production or sale of a Term: costDefinition: a cost that does not , no matter how much of good is produced Term: increasing returnsDefinition: a level of production in which the marginal product of increases as the number of workers increases Term: law of Definition: tendency of suppliers to offer more of a good at a price Term: costDefinition: the cost of producing one more unit of a Term: marginal of laborDefinition: the change in output from hiring one additional unit of Term: marginal Definition: the income from selling one more unit of a good; sometimes equal to price Term: market supply Definition: graph of the quantity supplied of a good by all suppliers at different Term: cost Definition: the cost of operating a facility, such as a store of Term: quantity Definition: the amount a supplier is willing and able to supple at a certain Term: regulation Definition: intervention in a market that affects the production of a good Term: subsidy Definition: a government payment that a business or market Term: supply Definition: the amount of available Term: curve Definition: a graph of the supplied of a good at different prices Term: schedule Definition: a chart that lists how much of a good a will offer at different prices Term: cost Definition: fixed costs plus variable Term: Definition: a that can change Term: cost Definition: a cost that rises or falls depending on how much is |
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halvy
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