9. The minimum of the ______________ is the break-even point.

3. The Value for C is ____________________________.

4. The Value for D is _________________________.

1. The Value for A is _______________________.

10. If the last worker hired is contributing more than the previous work hired, then the ______________ curve will be falling when the additional cost of this worker is falling.

8. When MC is at rising, then _____________ is falling when the additional workers productivity diminishes.

6. AFC is the vertical distance between ATC and _____________.

5. The Value for E is ______________________________.

2. The Value of B is ________________________.

7. When MC is greater than AVC, then in production MP is less than _________________.

9. Total Opportunity Cost recorded by an Economist is equal to ______________________.

1. Revenue Recorded by an Accountant is ______________.

7. Forgone Interest is equal to ________________________.

3. Accounting Profits are equal to ____________________.

4. Revenue Recorded by an Economist is ______________.

6.  Forgone Rent is equal to ___________________.

5.  Forgone Wages are equal to ___________________.

2. Total Costs Calculated by an Accountant are _________________.

10. Economics Profits are equal to ______________________.

8. Economic Depreciation is equal to _____________________.

8. The substitution effect is the movement from Point _________ to Point _________.

10. The income effect is the movement from Point _______ to Point __________.

7. If the substitution and income effects went in the opposite direction in the graph, then good X would be a/an _____________ (Normal/Inferior) Good. 

2. MRS at Point B = _____________.

9. The quantity of good X that is the substitution effect is _________. 

1. MRS at Point A = ____________.

3. The Relative Price Ratio at Point C = ____________.

6: With the change in the price of good X, the consumer can now _________ (Increase/Decrease) the quantity of good Y they can purchase.

4. This graph illustrates an _______________ (Increase/Decrease) in the price of good X.

5. This graph shows good X is a/an _____________ (Normal/Inferior) Good. 

4. The consumer is indifferent between Point X and Point U. (True/False)

1. The consumer would prefer Point Z to Point X. (True/False)

7. The MRS at Point X is equal to 2. (True/False)

5. The consumer spends all their income at Points S, X and V, therefore any one of these points is their equilibrium solution. (True/False)

10. At Point V the marginal utility of the last dollar spent on skiing is greater than the marginal utility of the last dollar spent on horseback riding. (True/False)

8. At Point X the marginal utility of the last dollar spent on skiing equals the marginal utility of the last dollar spend on horseback riding. (True/False)

3. The consumer is indifferent between Point S and Point T. (True/False)

9. At Point S the marginal utility of the last dollar spent on skiing is greater than the marginal utility of the last dollar spent on horseback riding. (True/False)

6. Since Points X and Y are both on Curve A, the consumer can chose either point as their equilibrium. (True/False)

2. The consumer would prefer Point T to Point U. (True/False)