The amount of a product that would be offered for sale at all possible prices that could prevail in the market is called _______.
From the quantities offered at various prices by all firms, you can derive _______.
|A)||the demand supply curve|
|B)||the market supply curve|
|C)||the individual demand curve|
|D)||the individual supply curve|
The _______ schedule is a listing that shows the various quantities of a particular product supplied at all possible prices in the market.
For a decrease in supply to occur, less would be offered for sale at each and every price, and the supply curve would _______.
|B)||remain the same|
|C)||shift to the left|
|D)||shift to the right|
The three stages of production are Stage I: _______, Stage II: _______, and Stage III: _______.
|A)||increasing returns, diminishing returns, negative returns|
|B)||diminishing returns, negative returns, increasing returns|
|C)||increasing returns, negative returns, diminishing returns|
|D)||negative returns, diminishing returns, increasing returns|
The theory of _______ deals with the relationship between the factors of production and the output of goods and services.
One kind of cost is _______ cost, the cost that a business incurs even if the plant is idle and output is zero.
The most important measure of revenue is _______ revenue, the extra revenue associated with the production and sale of one additional unit of output.
As more workers are added, the business reaches the _______ point, the total output or total product the business needs to sell in order to cover its total costs.