How Much
How much did you make?
Inputs
Supply Curves
Grab Bag
100
The amount producers bring to market
What is supply?
100
Describes the relationship between inputs and total output
What is total revenue
100
A higher cost of plastic can do what to the supply curve of a soda company
What is shift to the left
100
These are business expenses that change as production changes
What is variable costs
100
This is where the choir is traveling on 3/30-4/01
What is heritage
200
This is what the law of supply states
What is as the price goes up the supply goes up (or as the price goes down the supply goes down)
200
This happens in the first stage of production
What is increasing returns
200
Adding more sellers does this to the supply curve of a product
What is shift to the right
200
How do you calculate total revenue
What is multiply the price of a product by how much was sold
200
These teams are in the NCAA Mens basketball final 4
What are Gonzaga, Oregon, UNC, and South Carolina
300
This is the difference between a supply curve and a supply schedule
What is they have the same information but present it in a different format
300
In which stage of production is profits maximized
What is stage 2 (diminishing returns)
300
Motivating employees help with this
What is productivity
300
This stays the same even if the company doesn’t make any products
What are fixed costs
300
This is the date of graduation
What is 5/25/17
400
When the supply curve shifts to the left this has happened
What is supply has decreased
400
This happens in the third stage of production
What is negative returns
400
Describe how technology can increase supply
What is it allows more outputs with the same amount of inputs
400
Profit is maximized when marginal cost is less than, equal to, or greater than marginal revenue
What is less than
400
This Major golf tournament starts next week
What is The Masters
500
This is the basic decision for a supplier
What is how to supply at each and every price
500
This stage is the best to be in?
What is Stage 2 (diminishing returns)
500
Describe a subsidy
What is an amount of money given directly to firms by the government to encourage production
500
This happens at the break even point
What is costs and revenue are equal
500
This is the date and location of NOTS this year
What is 4/22/17 at the Manor Estate
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