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Economics

WORD LIST:
AVERAGEPRODUCT
CAPITAL
CHANGEINQUANTITYSUPPLIED
CHANGEINSUPPLY
DIMINISIHINGMARGINALRETURNS
ENTREPRENEURSHIP
EQUILIBRIUMPRICE
EQUILIBRIUMQUANTITY
EXPLICITCOSTS
FACTOROFPRODUCTION
LABOR
LAND
LAWOFSUPPLY
LONGRUN
MARGINALPRODUCT
OPPORTUNITYCOSTS
PRICECEILING
PRICEELASTICITYOFSUPPLY
PRICEFLOOR
RETURNSTOSCALE
SCALEOFPRODUCTION
SHORTAGE
SHORTRUN
SUPPLY
SUPPLYCURVE
SUPPLYSCHEDULE
SURPLUS
TOTALPRODUCT