This is a government payment to an individual, business, or other group to encourage or protect a certain type of economic activity.

(a)  

This deals with the relationship between the factors of production and the output of goals to a change in price.

(a)  

The gradual wear and tear on capital foods over time and through use.

(a)  

This is a listing of the various quantities of a particular product supplied at all possible prices in the market.

(a)  

The total output produced b the firm.

(a)  

The sum of the fixed and variable costs.

(a)  

This is the total output or total product the business needs to sell in order to cover its total cost.

(a)  

The extra cost incurred when a business produces one additional unit of a product.

(a)  

This is a graph showing the various quantities supplied at each and every price that might prevail in the market.

(a)  

This is the change in amount offered for sale in response to a change in price.

(a)  

This is a situation where supplier offer different amounts of products for sale at all possible prices.

(a)  

These are unprocessed natural products used in production.

(a)  

This is a cost that changes when the business rate of operation or output changes.

(a)  

This is reached when marginal cost and marginal revenue are equal.

(a)  

This is the number of units sold (x) the average price per unit.

(a)  

This states that, in the short run output will change as one input is varied while the others are held constant.

(a)  

This is a measure of the way in which quantity supplied responds to a change in price.

(a)  

This is the principal that suppliers will normally offer more for sale at high prices and less at lower prices.

(a)  

This is the extra output or change in total product caused by the addition of one more unit of variable input.

(a)  

The cost that a business incurs even if the plant is idle and output is zero.

(a)  

The extra revenue associated with the production and sale of one additional unit of output.

(a)  

This is the amount that producers bring to market at any given price.

(a)  

This is a type of cost benefit decision making that compares the extra benefit to the extra cost of an action.

(a)