Match the words in Column I with their meanings in Column 2. Write the letter on the line. Column 1 `
1. law of variable proportions.
2.production schedule.
3. marginal product
4.increasing returns.
5. diminishing returns.
6. third stage of production.
7. fixed costs.
8. variable costs.
9. total costs.
10. marginal costs
Column 2
A. expenses that remain the same no matter how much is produced
B. in the short run, changing one input changes the output
C. chart to help evaluate inputs and outputs
D. additional cost of producing one more unit
E. how much extra is produced by adding one input
F. stage of production with increasing production, but with a smaller marginal product
G. negative returns, when more input reduces production
H. include fixed and variable costs; change when variable costs change
I. the first stage of production
J. expenses that change with the amount of production