278 prompts matching "Calculating total, average and marginal revenue for five levels of output"
WAEC prep: The arguments against protection and in favour of free trade
Act as a WAEC/NECO Economics examiner. I am in SS 3. Set me five exam-style questions on t
Spot my mistake: The infant industry argument and the limits of it
Act as my SS3 Economics tutor. Write a short answer on the infant industry argument and th
Teach me: OPEC, its objectives, and how it sets production quotas
You are my personal SS3 Economics tutor. Teach me OPEC, its objectives, and how it sets pr
Teach me: Duopoly and the interdependence of two sellers
You are my personal SS3 Economics tutor. Teach me duopoly and the interdependence of two s
WAEC prep: Comparing the four market structures on price, output and entry
Act as a WAEC/NECO Economics examiner. I am in SS 3. Set me five exam-style questions on c
Spot my mistake: Calling a change in price a shift of the demand curve
Act as my SS3 Economics tutor. Write a short answer on calling a change in price a shift o
Spot my mistake: Assuming equilibrium price must rise whenever demand and supply both increase
Act as my SS3 Economics tutor. Write a short answer on assuming equilibrium price must ris
Spot my mistake: Assuming a monopolist can fix price and quantity independently of each other
Act as my SS3 Economics tutor. Write a short answer on assuming a monopolist can fix price
Spot my mistake: Treating import substitution and export promotion as the same policy
Act as my SS3 Economics tutor. Write a short answer on treating import substitution and ex
Spot my mistake: Comparing national income across years without adjusting for inflation
Act as my SS3 Economics tutor. Write a short answer on comparing national income across ye
Spot my mistake: Treating deflation and disinflation as the same thing
Act as my SS3 Economics tutor. Write a short answer on treating deflation and disinflation
Spot my mistake: Assuming a country rich in natural resources must therefore be a developed one
Act as my SS3 Economics tutor. Write a short answer on assuming a country rich in natural
Spot my mistake: Reading the steepness of a demand curve as its elasticity
Act as my SS3 Economics tutor. Write a short answer on reading the steepness of a demand c
Spot my mistake: Setting a maximum price above the equilibrium price and expecting it to bite
Act as my SS3 Economics tutor. Write a short answer on setting a maximum price above the e
Spot my mistake: Assuming large-scale production is always cheaper for each unit produced
Act as my SS3 Economics tutor. Write a short answer on assuming large-scale production is
Spot my mistake: Treating a budget deficit and the national debt as the same figure
Act as my SS3 Economics tutor. Write a short answer on treating a budget deficit and the n
Spot my mistake: Assuming price discrimination means charging different prices for different products
Act as my SS3 Economics tutor. Write a short answer on assuming price discrimination means
Let me explain: Wants, needs and the scale of preference
I have just studied wants, needs and the scale of preference in my SS3 Economics class. Le
Let me explain: Capital, and the difference between fixed and working capital
I have just studied capital, and the difference between fixed and working capital in my SS
Let me explain: The mixed economy, and why most countries actually run one
I have just studied the mixed economy, and why most countries actually run one in my SS3 E