stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
Economics Chapter 5 Flashcards | StudBud
Explore
/
Economics Chapter 5
Economics Chapter 5
17 terms
·
StudBud Administration
·
1,737 plays
Quiz over supply
Flashcards
17 cards
F
Practice quiz
P
Host live
L
Questions
17
Answers
1
The cost of producing one more unit of a good
Marginal Cost
Marginal Returns
Variable Cost
Total Returns
2
A measure of the way quantity supplied reacts to a change in price
Elasticity of Supply
Increasing Marginal Returns
Diminishing Marginal Returns
Marginal Product of Labor
3
Fixed cost plus variable cost
Total Revenue
Total Cost
Total Marginal Revenue
Marginal Cost
4
A tax on the production or sale of a good
Excise Tax
Sales Tax
ExerciseTax
Extrasize Tax
5
The additional income from selling one more unit of a good
Marginal Returns
Total Revenue
Marginal Sales
Variable Income
6
A factor that can change
Marginal Returns
Fixed Cost
Variable
Marginal Cost
7
The marginal product of labor increases as the number of workers increases
Marginal Product of Labor
Elasticity of Supply
Increasing Marginal Returns
Decreasing Marginal Returns
8
The cost of operating a facility
Marginal Cost
Fixed Cost
Total Cost
Variable Cost
9
A chart that lists how much of a good a supplier will offer at different prices
Increasing Marginal Returns
Supply Curve
Supply Schedule
Marginal Product of Labor
10
Tendency of suppliers to offer more of a good at a higher price
Supply Curve
Law of Supply
Supply Schedule
Elasticity of Supply
11
A graph of the quantity supplied of a good a different prices
Supply Schedule
Supply Curve
Fixed Supply
Marginal Supply
12
A cost that does not change no matter how much of a good is produced
Marginal Cost
Variable Cost
Total Cost
Fixed Cost
13
A cost that rises or fall depending on how much is being produced
Total Cost
Fixed Cost
Variable Cost
Marginal Cost
14
Government intervention in a market that affects the production of a good
Regulation
Sales Tax
Intervention tax
Subsidy
15
The marginal product of labor decreases as the number of workers increases
Increasing Product of Labor
Reduced Labor Returns
Diminishing Marginal Returns
Subsidy
16
The change in output from hiring one more additional unit of labor
Increasing Labor Returns
Fixed Cost
Marginal Product of Labor
Variable Cost
17
A government payment that supports a business or market
Variable Tax
Subsidy
Regulation
Excise Tax
