Economics 1

The loss of four years of income resulting from the decision to go to college is the------- cost

knowledge is a------ resource

The expense of producing one additional unit is known as the----- cost

marginal cost in marginal benefits are measured by a------- -------

if the total cost of producing an order of jeans is $5000 in a company produces 1000 pairs of jeans per order the average total cost for a pair of jeans is------

regulating the amount of pollution factors can produce is an example of ---- to produce

do you choices are all societies must make about production are driven by ------ --- --------

A decrease in consumer demand is most likely to cause the supply of a product to ------

The demand for goods and services in a particular area would probably --- --- if all the units in a new apartment building in the area were rented to families

people have the freedom to choose from a variety of products in a ------ ------- economy