TTS (Please answer using English language)

DECREASE A price increase causes a consumer's "real" income to …

BENEFIT The additional benefits that arise by using an additional unit of the managerial
control variable is defined as the marginal….

 COST The additional cost incurred by using an additional unit of the managerial control
variable is defined as the marginal….

 MARGINALCOST In order to maximize net benefits, firms should produce where

marginal benefits equal…

RIGHT Technological advances will cause the supply curve to shift to the….

OIKONOMOS The word “economy” comes from the Greek word namely….

TRADEOFF The first principle in the 10 principles of economics is that someone will
experience …

PROFIT The difference between total revenue and opportunity cost is called as Economic
…

PRICETAKER When sellers and buyers are unable to influence the market price is called
as…

EQUILIBRIUM …..is a condition when the price has reached a level where the quantity
of goods supplied equals the quantity of goods demanded

SHORTAGE …..is a condition when the quantity of goods demanded is greater than the
quantity of goods supplied

ZERO What is the value of perfectly inelastic demand value?

 ELASTIC If apples have an own price elasticity of 1.2 we know the demand is?
DECREASE Assume that the price elasticity of demand is −2 for a certain firm's product.
If the firm raises price, the firm's managers can expect total revenue to? 
FIVE Based on the type of elasticity, how many types of demand curves?