Could you please check these.
Directions: Match each statement with it's correct definition or item.
Here are the words
productivity
subsidy
supply schedule
supply elastic
surplus
profit
price floor
government regulations
equilibrium price
supply
1. amount of a good or service offered for sale at all possible prices
Answer: productivity
2. money left over from the sale of a product or service after costs
Answer: profit
To check the correctness of the answers for these matching activities, we need to review the definitions or items provided and match them with the given statements. Let's go through them one by one:
1. Amount of a good or service offered for sale at all possible prices: This definition matches the term "supply schedule" as it refers to a table or chart that shows the quantity of a product that will be supplied at different prices.
2. Money left over from the sale of a product or service after costs: This definition matches the term "profit" as it represents the earnings or financial gain obtained from a business or investment after deducting all expenses.
Therefore, the correct matches are:
1. Supply schedule: Amount of a good or service offered for sale at all possible prices.
2. Profit: Money left over from the sale of a product or service after costs.
Hope this helps!