Unit Two Crossword

AP Economics

regulation

Government intervention that affects price, supply, or quantity is called _____.

diminishing

if adding workers increases total output at a decreasing rate, marginal returns are _______.

marginal

The ______ cost is the additional cost of producing one more unit.

curve

A graph of the data points in a supply schedule create a supply _____.

total cost

Variable and fixed expenses make up the ______.

excise tax

Government may discourage the purchase of a good or service by adding a(n) _____.

subsidy

Government can provide support for a market in the form of a(n) _____.

labor

Output change from adding one more worker is the marginal product of _____.

law of demand

The quality of a good produced increases as the price rises, according to the ______.

cost

The amount of money it takes to keep a business open is the operating ____.