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Chapter 1 "What is Economics?" Chapter 5 Supply Economics Worksheet Answers with 109 Best Economics Images On Pinterest. A basic question a producer must answer: 2. Have you just finished a chapter on the four stages of production? Chapter 7 Market Structures. 02 Sec. For example, if the production of a certain good or service is increased because the number of people who are ready to buy that good or … Chapter 5 Supply. Directions: Decide … The CHAPTER Class ANALYZING CHARTS AND GRAPHS Date Goals and Values in the United States Economy 2 SECTION 1 Every society must answer the three basic economic questions. Labor Affects Production Marginal product – the change in total product that results from hiring one more worker (In other words, if I hire one more worker to produce, how many more products will I get?) Supply and demand also impact the production of goods and services. Economics Chapter 02: Economic Systems. Economics Chapter 5 Section 2 What are the Costs of Production? 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