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Java Games: Flashcards, matching, concentration, and word search. |
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A | B |
Supramarginal | Profitable |
Marginal | Breaking Even |
Submarginal | Losing money |
Land | Found in nature |
Labor | Human input to production |
Capital | Man-made inputs to production |
If used efficiently, land earns | Rent |
If used efficiently, labor earns | Wage |
If used efficiently, capital earns | Interest |
Fixed Costs | Do not change with changes in output |
Variable Costs | Changes as production levels change. |
To earn a return, the factors of production must be used: | Efficiently |
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York High School |
York, NE |
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