Microeconomics (Firms) Crossword Puzzle

QUESTIONS LIST: average cost: total cost/output, average fixed costs: downward sloping line (from left to right) as the fixed costs are shared among increased output, average revenue: total revenue/number of product/services sold, average variable costs: initially downward sloping as increasing returns to labour and economies of scale are achieved with increased output & then they rise with output, costs: the money paid to produce/provide the service/product, economies of scale: when increases in production (output) lead to reduced total average costs (discount for bulk buying etc.), factory: the site/building that produces the product, a firm may have more than one, firm: the company/business that owns one or more factories, fixed costs: costs that have to be paid regardless of level production (rent, loan repayments), horizontal integrate: merge of firms at the same stage of production, industry: a group of firms producing similar or same goods (eg: soft drinks industry - coca cola would be a firm in this industry), monopoly: single firm controls the supply in a market (has no competitors), multinational company: company that has outlets or production facilities in more than one country, normal profit: profit level just high enough to keep firms in the industry, primary industry: industries involved in extracting raw materials (agriculture, fishing, forestry, mining), productivity: output per worker, profit: revenue - costs (the money you are left over with after costs are deducted), revenue: total money obtained from sale