291 prompts matching "The profit-maximising output where marginal cost equals marginal revenue"
Quiz: How the what, how and for whom decisions are taken in a planned economy
Set me a quick recall test on how the what, how and for whom decisions are taken in a plan
Real-life Nigeria: What price for bread) and answers it first as a central planner and then as a market
Show me how what price for bread) and answers it first as a central planner and then as a
Quiz: The meaning of demand
Quiz me on the meaning of demand, from the SS1 Economics topic Demand. Ask five short ques
Teach me: The income and substitution effects that give the demand curve its downward slope
You are my personal SS1 Economics tutor. Teach me the income and substitution effects that
Let me explain: The meaning of supply
Let me talk you through the meaning of supply from the Supply topic. When I finish, grade
Real-life Nigeria: Plotting the Week 8 demand schedule and this week's supply schedule on the same axes
Show me how plotting the Week 8 demand schedule and this week's supply schedule on the sam
Spot my mistake: The meaning of equilibrium price and equilibrium quantity and locate both on a drawn diagram
Give me a wrong or muddled explanation of the meaning of equilibrium price and equilibrium
Teach me: Drawing demand and supply on one pair of axes to scale and read off the equilibrium
Be my SS1 Economics teacher for this one point: drawing demand and supply on one pair of a
Let me explain: Disequilibrium and the process by which price returns to equilibrium
Act as my study partner. I will teach you disequilibrium and the process by which price re
Teach me: The determinants of demand: income, the price of substitutes
You are my personal SS1 Economics tutor. Teach me the determinants of demand: income, the
Spot my mistake: Drawing diagrams showing the effect on equilibrium price
Write a short SS1 Economics answer about drawing diagrams showing the effect on equilibriu
Teach me: This is exactly the 6-mark diagram question on Paper 2
I am an SS1 student studying Changes in Demand and Supply in Economics. Explain this is ex
Quiz: The PED formula
Set me a quick recall test on the PED formula at SS1 level. Five questions, one at a time,
Spot my mistake: The relationship between PED and total revenue using a worked revenue table
Give me a wrong or muddled explanation of the relationship between PED and total revenue u
Teach me: The determinants of PED, including availability of substitutes
Be my SS1 Economics teacher for this one point: the determinants of PED, including availab
Quiz: The calculation appears on Paper 1 and the revenue implication on Paper 2
Quiz me on the calculation appears on Paper 1 and the revenue implication on Paper 2, from
Teach me: The significance of PES for producers and government when demand changes suddenly
You are my personal SS1 Economics tutor. Teach me the significance of PES for producers an
Quiz: Commonly paired with PED in the part (c) analysis on Paper 2
I am revising Price Elasticity of Supply for SS1 Economics. Test me on commonly paired wit
Let me explain: The causes of a change in price in a market as a shift in demand or a shift in supply
Let me talk you through the causes of a change in price in a market as a shift in demand o
Spot my mistake: The consequences of a price change for consumers, producers and workers in that market
Write a short SS1 Economics answer about the consequences of a price change for consumers,