1. 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 200 300 400 500 100 36th34th39th SUPPLY 40th

2. What is a graph of the quantity supplied of a good at different prices?

3. supply curve

4. What is a chart that lists how much of a good a supplier will offer at different prices?

5. supply schedule

6. What is a graph of the quantity supplied of a good by all suppliers at different prices?

7. market supply curve

8. What is the tendency of suppliers to offer more of a good at a higher price?

9. law of supply

10. Name this U.S. President of the past.

11. Lyndon B. Johnson

12. What is a factor that can change called?

13. variable

14. What is a cost that rises or falls depending on how much is produced?

15. variable cost

16. Name this U.S. President of the past.

17. Dwight Eisenhower

18. What is a government payment that supports a business or market?

19. subsidy

20. What is the change in output from hiring one additional unit of labor?

21. marginal product of labor

22. What is the amount of goods available called?

23. supply

24. What is government intervention in a market that affects the production of a good?

25. regulation

26. What is the additional income from selling one more unit of a good?

27. marginal revenue

28. Name this U.S. President of the past.

29. Jimmy Carter

30. What is a measure of the way a quantity supplied reacts to a change in price called?

31. elasticity of supply

32. What is a cost that does not change no matter how much of a good is produced?

33. fixed cost

34. What is the cost of running a facility, such as a store or factory?

35. operating cost

36. What is the cost of producing one more unit of a good?

37. marginal cost

38. What is a payment to the government on the production or sale of a good?

39. excise tax

40. What is a level of production in which the marginal production decreases with new investment?

41. diminishing marginal returns

42. What are fixed costs plus variable costs?

43. total cost

44. Name this U.S. President of the past.

45. Ronald Reagan

46. What is a chart that lists how much of a good all suppliers will offer at different prices?

47. market supply schedule

48. What is the amount a supplier is willing and able to supply at a certain price?

49. quantity supplied

50. What is a level at which the marginal production goes up with new investment?

51. increasing marginal returns