Micro Unit 3.4 CW: Cost and Revenue Terms (Vocab Matching)

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Match the vocab to their definition!

Draggable item		Corresponding Item
quantity supplied		a government payment that supports a business or market
diminishing marginal returns		a chart that lists how much of a good a supplier will offer at various prices
subsidy		a measure of the way a quantity supplied reacts to a change in price
marginal revenue		a payment to the government on the production or sale of a good
regulation		the tendency of suppliers to offer more of a good at a higher price
marginal cost		a level of production in which the marginal production decreases with new investment
market supply curve		the additional income from selling one more unit of a good
increasing marginal returns		the change in output from hiring one additional unit of labor
market supply schedule		the cost of producing one more unit of a good
supply curve		a chart that lists how much of a good all suppliers will offer at different prices
law of supply		a level at which the marginal production goes up with new investment
marginal revenue		the additional income from selling one more unit of a good
excise tax		the amount a supplier is willing and able to supply at a certain price
marginal product of labor		a graph of the quantity supplied of a good by all suppliers at different prices
supply schedule		fixed costs plus variable costs
total cost		a factor that can change
variable		government intervention in a market that affects the production of a good