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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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