Spalding Academy 10th Econ
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| The rising portion of a firm’s marginal cost curve at or above the price that will allow the firm to cover variable cost | show 🗑
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| show | Economies of scale
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| show | Elasticity of supply
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| Any production cost that is independent of firms output | show 🗑
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| As more of a variable resource is added to a given amount of fixed resources, marginal product eventually declines and could become negative | show 🗑
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| The quantity of a good supplied in a given time period is usually directly related to its price, other things constant | show 🗑
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| show | Long run
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| show | Long-run average curve cost
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| show | Marginal cost
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| show | Marginal product
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| The change in total revenue from selling another unit of good | show 🗑
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| Change in quantity supplied resulting from a change in the price of the goods, other things constant | show 🗑
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| Increase or decrease in supply resulting from a change in one of the determinants of supply other than the price of a good | show 🗑
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| A period during which at least one of a firm’s resources is fixed | show 🗑
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| show | Supply
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| A curve or line showing the quantities or a particular good supplied at various prices during a given time period, other things constant | show 🗑
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| show | Total cost
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| A firm’s total output | show 🗑
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| Any production cost that changes as output changes | show 🗑
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| If the government imposes strict rules on how many farmers may produce blueberries, what would happen to the supply of blueberries? | show 🗑
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| show | Reduces cost of production, supply curve shifts right
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| show | All inputs can be varied (i.e. building expands, depression, etc)
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| show | Yes. Your monthly costs are $3,500 and you make $3,000
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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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