This lesson introduces learners to the concept of revenue in Economics. We first start by looking at the law of diminishing marginal utility to understand how curves will look. We then look at each formula, with examples of figures + an activity where students calculate the total revenue, average revenue and marginal revenue. Students are made aware that revenue will be different in perfect competition compared to imperfect competition. We finish with a box plenary.
Colourful, concise and engaging slides!
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Edexcel A Level Economics Theme 3 (COMPLETE COURSE)
New for 2021, this bundle for Edexcel's A Level Economics Theme 3 is the ultimate pack for teachers delivering this course. Captivating powerpoints, the highest quality, unrivalled lesson experiences from start to finish. Filled with real life examples and step-by-step animated diagrams. Please have a look at individual files to see previews. All you need - open the powerpoint, run through it, and deliver quality lessons whilst saving precious time. Colourful, concise and engaging slides! - all files in zip folder. Thank you Theme 3 - Business behaviour and the labour market
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Edexcel A Level Economics Theme 3 - 3.3 Revenues, costs and profits
This 5 lesson bundle covers: 3.3.1 Revenue 3.3.2 Costs - double lesson 3.3.3 Economies and diseconomies of scale 3.3.4 Normal profits, supernormal profits and losses Filled with examples, activities and quizzes to consolidate learning in an engaging way. All you need - open the powerpoint, run through it, and deliver quality lessons whilst saving precious time. Colourful, concise and engaging slides! - all files in zip folder. Thank you
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