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These are the desires that people have that can be met by getting a product or service
revenue
marginal costs
Scarcity
trade-off
variable
wants
Scarcity
total cost
A kind of cost that changes depending on how much a business produces.
revenue
marginal costs
Scarcity
trade-off
variable
wants
Scarcity
total cost
Making a _____ is giving up one alternative good or service for another
revenue
marginal costs
Scarcity
trade-off
variable
wants
Scarcity
total cost
This is the combination of all fixed and variable costs.
revenue
marginal costs
Scarcity
trade-off
variable
wants
Scarcity
total cost
This is the additional or extra opportunity cost associated with each increase of unit of sales
revenue
marginal costs
Scarcity
trade-off
variable
wants
Scarcity
total cost
What is the fundamental problem facing all societies today?
revenue
marginal costs
Scarcity
trade-off
variable
wants
Scarcity
total cost
________ of resources forces societies to make economic choices.
revenue
marginal costs
Scarcity
trade-off
variable
wants
Scarcity
total cost
The money a business receives from selling its goods or services.
revenue
marginal costs
Scarcity
trade-off
variable
wants
Scarcity
total cost
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