This 100 slide lesson details:
- the meaning of total revenue, marginal revenue and average revenue
- the relationship between marginal revenue and price elasticity of demand
- the concept of price-taker and price-maker
- the formula used to calculate each type of revenue
- diagrams for TR, MR and AR depending on whether the firm is a price-taker or price-maker
Engaging activities are provided throughout (answers included)
Questions and answers are also provided
Resource is colourful and interactive with animations throughout
This lesson took me 4 hours to complete with my students
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£3.99