Production, costs and revenue 0.0 / 5 ? EconomicsThe company, revenue and costsProduction and efficiencyA2/A-levelAQA Created by: JMunnersCreated on: 04-04-17 12:14 10286319745 Across 1. two firms only in a market (7) 4. a productive organisation which sells its output of goods or services commercially (4) 5. the difference between total sales revenue and total cost of production (6) 7. an establishment, such as a factory, a workshop or a retail outlet, owned and operated by a firm (5) 8. improves on or makes a significant contribution to something that has already been invented (10) Down 2. profit over and above normal profit also known as supernormal _ (8, 6) 3. output per unit of output (12) 6. the minimum profit a firm must make to stay in business which is insufficient to attract new firms into the market (6, 6) 9. automatic control where machine operate other machines (10) 10. making something entirely new that did not exist before (9)
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