Business economics is a science which deals with the application of ----------------- in business practices.

------------------- means the process of choosing one action from two or more alternatives available.

A Firm’s profitability depends much on its ----------------- of production.

Generally, ----------------- are the primary measure of the success of any business.

The guiding principle of business economics is not -----------------but avoiding loss.

The law of demand states that there is an ------------- relationship between price and quantity demanded

The multiplier factor is given by 1 divided by the ________ or similarly 1 divided by 1-mpc.

Keynes argued for ______________ government spending in a recession to increase ad (shift right).

The demand for dvd players does not change when a change in _______ occurs.

The _____________ firm's demand curve is the same as the market demand for the product.

Raw materials are an example of a firm's ____ costs.