A firm's total revenue is the _____ of its output multiplied by the _____.

Classical conditioning takes place when a(n) ________ is continuously matched with a(n) ________.

Given linear demand curves, if demand increases and supply decreases, then __________.

If a monopoly’s fixed costs increase, its price will _____, and its profit will _____.

In the goods market, firms ________ and households ________.

___________ means producing the desired result.

A firm should always produce at the output where _____ is called the profit-maximizing level of output.

When a good is produced at the lowest possible cost ,it is called productive_____.

The increase in total revenue resulting from a one-unit increase in sales is _____.

An industry where input prices decrease (and cost curves rise) as industry output rises is called increasing-cost industry.

An industry where input prices fall (and cost curves fall) as industry output rises, decreasing-cost industry.