Diminishing returns, cost and revenues, efficiencies, growth of firms Micro Economics

A bunch of related Microeconomic topics in one!

• Powerpoint presentation embedded with key microeconomic diagrams and different activities.
• A student worksheet linked to the powerpoint is provided.

Topics covered:

• Diminshing returns
• Link between diminshing returns and average costs
• Costs (Average costs and Marginal costs)
• Costs (Fixed, Variable and Total costs, short term versus long term costs)
• Revenues (Average revenue and Marginal revenue)
• Profit maximisation (MR = MC)
• Growth of Firms (Mergers and Takeovers)
• Efficiencies (Productive, Allocative, X-efficiency, Dynamic efficiency, pareto efficiency)

This resource is linked directly to another resource available to purchase: My Market Structures resource which is a follow on after this resource.

If you like these Economic resources, why not consider my A Level Economic student revision guide which is also great for a topic summary. Its directed at WJEC / Eduqas but suitable for all exam boards.

Hope you find this useful and please leave a review.