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Microeconomics Key Terms (Ch 1 & 2)

Teacher: Bobby Hall
Across
Face value of an amount of money (two words)
Additional benefit resulting from a small increase in some activity (two words)
As one input is increased and other inputs are held fixed, output will increase but at a decreasing rate (two words)
A small, one-unit change in value (two words)
A measure of something that can take on different values
Down
What you sacrifice to get something (two words)
Simplified representation of an economic environment (two words)
Latin for "other variables are held fixed" (two words)
The value of an amount of money in terms of what it can buy (two words)
Resources we use to produce goods and services are limited