298 prompts matching "Fixed cost, variable cost and total cost"
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
Quiz: Why the supply curve slopes upwards in terms of profitability and rising costs
Set me a quick recall test on why the supply curve slopes upwards in terms of profitabilit
Let me explain: Private cost, external cost and social cost
Let me talk you through private cost, external cost and social cost from the Private and S
Quiz: The cost-benefit comparison is standard 6- and 8-mark Paper 2 material
Set me a quick recall test on the cost-benefit comparison is standard 6- and 8-mark Paper
WAEC prep: Calculating social cost and social benefit in four numerical cases
Act as my WAEC Economics examiner. I am in SS1. Set me an exam-standard question on calcul
Practice set: Two external costs and two external benefits of road building in Nigeria
Set me five practice tasks on two external costs and two external benefits of road buildin
Let me explain: Four costs of rapid urbanisation, including congestion, housing pressure and waste disposal
Let me talk you through four costs of rapid urbanisation, including congestion, housing pr
WAEC prep: Four causes and four costs of rapid urbanisation
Act as my WAEC Economics examiner. I am in SS1. Set me an exam-standard question on four c
Spot my mistake: Applying the private and social cost framework from the Spring term to one Nigerian
Show me a worked example on applying the private and social cost framework from the Spring
Project task: Listing the private gains and the external costs and reach a reasoned verdict
Set me a small project on listing the private gains and the external costs and reach a rea
Spot my mistake: Drawing a diagram showing the divergence of private and social cost
Show me a worked example on drawing a diagram showing the divergence of private and social
Spot my mistake: Interpreting points on, inside and outside the PPC as efficient, under-used and unattainable
Give me a wrong or muddled explanation of interpreting points on, inside and outside the P
Quiz: The meaning of opportunity cost
Set me a quick recall test on the meaning of opportunity cost at SS1 level. Five questions
Quiz: PPC construction and interpretation are examined on Paper 2
Quiz me on PPC construction and interpretation are examined on Paper 2, from the SS1 Econo
Spot my mistake: The four groups of decision makers in an economy — consumers, workers, firms and government —
Give me a wrong or muddled explanation of the four groups of decision makers in an economy
Spot my mistake: Two merits and two demerits of central planning
Give me a wrong or muddled explanation of two merits and two demerits of central planning
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
Quiz: The determinants of supply: costs of production
I am revising Changes in Demand and Supply for SS1 Economics. Test me on the determinants
Spot my mistake: The meaning of consumer surplus and producer surplus
Give me a wrong or muddled explanation of the meaning of consumer surplus and producer sur
Teach me: Why total surplus is greatest at the market equilibrium
Be my SS1 Economics teacher for this one point: why total surplus is greatest at the marke