Shaffer company presents the following data for 2012. net sales, 2012 $3,007,124 net sales, 2011 93,247 cost of goods sold, 2012 2,000,326 cost of goods sold, 2011 1,000,120 inventory, beginning of 2012 341,169 inventory, end of 2012 376,526

Match each definition in column 1 with a vocabulary word from column 2." some of the entries in column 2 do not apply costs which do not change with the level of output costs which change with the level of output the change in total costs resulting from an increase in output by one unit function showing the quantities of a particular good demanded at a range of price when the quantity supplied of a good is greater than the quantity demanded when the quantity demanded for a particular good is greater than the quantity supplied the price and quantity determined in a market when the supply equals the demand when revenue exceeds costs when costs exceeds revenue output where revenue = costs