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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| show | Law of Supply
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| amount of product that would be offered for sale at all possible prices that would prevail in the market | show 🗑
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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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| show | Principle of Diminishing Returns
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| cost that a business incurs even if the plant is idle and output is zero | show 🗑
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| total fixed cost/ remains the same | show 🗑
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| show | Variable Cost
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| extra cost incurred when a business produces one additional unit of a product | show 🗑
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| electronic business or exchange conducted over the Internet | show 🗑
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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.
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.
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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