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Across 3. A type of cost-benefit decision making that compares the extra benefits to the extra cost of an action 6. The extra incurred when a business produces one additional unit of a product 8. The total output or total product the business needs to sell in order to cover its total cost 13. Unprocessed natural products used in production 17. The amount of a product that would be offered for sale at all possible prices that could prevail in the market 22. The change in amount offered for sale in response to a change in price 24. The number of units sold multiplied by the average price per unit 26. Total fixed cost 28. Increasing returns, diminishing returns, and negative returns are the three stages. 29. The extra revenue associated with the production and sale of additional unit of output 30. A period of production that allows producers to change only the amount of the variable input called labor. 31. The cost that a business incurs even if the plant is idle and output is zero

Down 1. A point that is reached when the marginal cost and marginal revenue are equal 2. The extra output or change in total product caused by the addition of one more unit of variable input 4. A graph showing the various quantities supplied at each and every price that might prevail in the market 5. A government payment to an individual, business, or other group to encourage or protect a certain type of economic activity 7. A situation where suppliers offer different amount of products for sale at all possible prices in the market 9. The relationship between the factors of production and the output of goods and services 10. A concept that describes the relationship between changes in output to different amounts of a single input while other inputs are held constant 11. In the short run, output will change as one input is varied while the others are held constant 12. The supply curve that shows the quantities offered at various prices by all firms that offer the product for sale in a given market 14. A listing of the various quantities of a particular product supplied at all possible prices in the market 15. Total output produced by the firm 16. A cost that changes when the business rate of operation or output changes 18. The principle that suppliers will normally offer more for sale at high prices and less at lower prices 19. The stage where output increases at a diminishing rate as more units of variable input are added 20. A measure of the way in which quantity responds to a change in price. 21. The amount that producers bring to market at any given price 23. The sum of the fixed and variable costs 25. A period of production long enough for producers to adjust the quantities of all their resources, including capital 27. Electronic business or exchange conducted over the Internet