Households ________ final goods and services in the ________ market.

In a "seller's market" ________.

In microeconomics, the term _____________________ is synonymous with economies of scale.

Mc = atc at the minimum of _________ .

Mc is a _____-shaped curve due to the law of diminishing returns.

Price gouging is _____

Average variable cost is ________ divided by output

Average total cost is ________ divided by output

Average fixed cost is ________ divided by output

Accounting profits are Total revenues minus total _______

Utility is ________ of Satisfaction