Vocabulary
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| principle that suppliers will normally offer more for sale at a higher price and less for a lower price | show 🗑
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| show | Supply
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| show | Subsidy
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| graph showing the various quantities supplied at each and every price that might prevail in the market | show 🗑
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| measure of way in which quantity supplied responds to change in price | show 🗑
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| show | Theory of Production
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| show | Production Function
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| unprocessed natural products used in production | show 🗑
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| output increases at diminishing rate as more units of a variable input are added | show 🗑
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| show | Fixed Income
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| total fixed cost/ remains the same | show 🗑
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| cost that changes when the business rate of operation or output changes | show 🗑
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| show | Marginal Cost
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| show | E-Commerce
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| number of units sold multiplied by the average price per unit | show 🗑
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| extra revenue associated with the production and sale of one additional unit of output | show 🗑
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| show | Break-Even Points
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Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
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You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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Created by:
ConcreteAngel
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