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Across 1. Consumer surplus + producer surplus 4. Cost of money [P( 1 + r )^(t)] 12. Shows different combinations of goods one can consume that give the same utility 14. Determines whether a good is complement or a substitute 18. I will buy the good regardless of price change 23. Cost advantage that comes with increased output of a product 25. If the price decreases, the demand for the good increases 26. Area between demand curve and price line 27. A direct payment made to run a business or firm; wage 28. Total satisfaction

Down 2. Shows the relationship of inputs and outputs 3. Marginal utility divided by the price of the good 4. The indirect payment made to run a business; opportunity cost 5. When marginal benefit = marginal cost (MB=MC) 6. Value of money over time [FV/ (1 + r)t] 7. Describes all the combinations of the goods and services one can afford 8. I will not buy the good if there is any price change 9. Revenue minus explicit cost 10. L-shaped indifference curve 11. Indifference curves with a constant slope 13. Change in total cost of producing one more unit of that item 15. How quantity (demanded or supplied) of one good changes from a change in its price 16. Determines whether a good in normal or inferior 17. Revenue minus implicit and explicit cost 19. A cost that can change 20. Area between supply curve and price line 21. Inefficient allocation of goods and services; when there is a dead-weight loss 22. Cost that cannot be recovered; time 24. A cost that remains the same (usually in the short run)