Microeconomics (Firms) Crossword Puzzle

Download and print this Microeconomics (Firms) crossword puzzle. Use a pencil or pen to complete the puzzle by filling in the blanks. The completed answers are included, so you can easily check your progress.

PDF will include puzzle sheet and the answer key.

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

Edit Print PDF - Letter PDF - A4

Related puzzles:

More Business / Finance Crossword Puzzles

Real Estate Terms
Business Writing
Management
Entrepreneurs
Business and Money

Browse all Business / Finance Puzzles

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