Economics 1

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H G D S M K R C R Q U B D Y X Q U Q L U G
G P M C L R I N L H V E S T C B M Y B X O
E F F E C T I V E D E M A N D Q X O O W T
D I S E C O N O M I E S O F S C A L E J L
V C L Q E F F I C I E N T L Y Q M J Y B S
C V Y S X E O R I V N B Q I O K O E I F B
V V B F T N N M U B E B V W K P L P L L Q
P J F C L Q X A X X S Q N R F O K U V S Q
F R J T P N L O R B A E S F V M F C X W S
X B V C V P R I C E E Q N H E H Q G D A L
T X G C Q W N M X A R Q P F B L L H T R Q
H H S Q U V S P A U C A Q D D T H B U R W
F O R G O N E A L T E R N A T I V E S X B
Q A C K S L Q C E T D H C N D N F V R A M
F M V A E L D H C U K U L C L V H N Y D C
B G C Q L G P E I F W K X M J E M D G U P
H Y I A A L R K H T K T W T E R I O L S D
G Y F W R I S N P G R P F H M S P Q K N A
E U X C D C I M Y O A D Y R K E A U M B E
W J A O R G Q J J R J M T Y C X L T Q H Y
K P C M G A V D Y W H U E B S G D U R O V

Clues

  • As more and more units of a commodity are consumed, the extra (marginal) satisfaction or utility derived from each successive unit will tend to: (8)
  • If administration and/or communication becomes more difficult and costly in a very large firm, this is an example of: (12, 2, 5)
  • In a demand function the relationship between price and quantity demanded for a normal good is: (7)
  • In a supply function the relationship between the price and quantity supplied is (6)
  • In the event of excess supply over demand the price will: (4)
  • Movement along the demand curve is caused by a change in (5)
  • Opportunity cost is related to: (7, 12)
  • The desire to buy a good backed by the ability to do so, is: (9, 6)
  • The market mechanism tends to allocate economic resources: (11)

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