Fantastic work booklet introducing students to Costs and Revenue for A-Level Economics.
Topics include:
- Calculating Fixed Costs (FC), Variable Costs (VC), Average Cost (AC), Marginal Cost (MC), Total Revenue (TR), Marginal Revenue (MR) & Profit.
- Drawing Costs and Revenue diagrams.
- Showing Profit Maximisation, Sales Maximisation and Revenue Maximisation on Costs & Revenue diagrams.
- SRAC and LRAC.
The booklet comes with Model Answers, a list of Key Terms Definitions, and Revision Notes on Short-Run Average Cost (SRAC) and Long-Run Average Cost (LRAC).
This booklet is excellent for building student understanding!
Suitable for Edexcel, AQA and OCR.
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This serves both as a wonderful introduction, and good practice for the students many months into the course. I'm really happy with this purchase. And I confess the Model Answers are very much appreciated for certainty sake
Outstanding resource - and is both the perfect introduction and recap booklet. It breaks down the Costs and Revenue diagrams in a really logical, effective way. All of the worksheets are excellent!!! (and the included Model Answers are very welcome too!)
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