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Senior Secondary

Economics

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18 prompts matching "Drawing a diagram showing social cost lying above private cost for a polluting a"

WAEC prep: Economics as a social science, and what its subject matter covers

Act as a WAEC/NECO Economics examiner. I am in SS 3. Set me five exam-style questions on e

Quiz: The socialist economy and its defining features

Act as my SS3 Economics tutor and quiz me on the socialist economy and its defining featur

Spot my mistake: Consumer surplus and how it is measured on a diagram

Act as my SS3 Economics tutor. Write a short answer on consumer surplus and how it is meas

Teach me: Fixed cost, variable cost and total cost

You are my personal SS3 Economics tutor. Teach me fixed cost, variable cost and total cost

Quiz: Average cost and marginal cost, and how the two relate

Act as my SS3 Economics tutor and quiz me on average cost and marginal cost, and how the t

WAEC prep: The profit-maximising output where marginal cost equals marginal revenue

Act as a WAEC/NECO Economics examiner. I am in SS 3. Set me five exam-style questions on t

Let me explain: Demand-pull inflation set against cost-push inflation

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I have just studied demand-pull inflation set against cost-push inflation in my SS3 Economics class. Let me explain it back to you in my own words, then tell me plainly what I got wrong or left out. Ask me one follow-up question afterwards to test whether I really understood it.

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Quiz: Absolute cost advantage and comparative cost advantage

Act as my SS3 Economics tutor and quiz me on absolute cost advantage and comparative cost

Teach me: Opportunity cost, and why every choice carries one

You are my personal SS3 Economics tutor. Teach me opportunity cost, and why every choice c

Practice set: Applying elasticity to decisions about taxation and pricing

Act as my SS3 Economics tutor. Give me five practice questions on applying elasticity to d

Spot my mistake: Confusing economies of scale with an ordinary fall in variable cost

Act as my SS3 Economics tutor. Write a short answer on confusing economies of scale with a

Teach me: The average cost curve and why it takes a U shape

You are my personal SS3 Economics tutor. Teach me the average cost curve and why it takes

Quiz: The relationship between the marginal cost and average cost curves

Act as my SS3 Economics tutor and quiz me on the relationship between the marginal cost an

Let me explain: Short-run and long-run average cost curves

I have just studied short-run and long-run average cost curves in my SS3 Economics class.

Practice set: Drawing and interpreting revenue curves under monopoly

Act as my SS3 Economics tutor. Give me five practice questions on drawing and interpreting

Quiz: Cost-push inflation and what causes it

Act as my SS3 Economics tutor and quiz me on cost-push inflation and what causes it. Ask f

Spot my mistake: Treating a rise in the cost of production as a movement along the supply curve

Act as my SS3 Economics tutor. Write a short answer on treating a rise in the cost of prod

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

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