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Revenue and Costs

Edexcel 9EB0T1-4aA-levelLesson packSubscription
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  • 12 questions
  • 40 marks
  • about 60 minutes
  • marked instantly

Question types: calculation, multiple choice, fill the gap, matching, short answer.

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About this resource

Edexcel Economics B (9EB0) Theme 1, Unit T1-4 'Revenue, costs, profit and cash' (spec ref 1.6.1) — total and average revenue, the difference between fixed and variable costs, total cost, average (unit) cost, an introduction to marginal cost and the short run/long run, and percentage change calcul…

19 slides.

Lesson outline

  1. Do Now — Retrieval
  2. Total Revenue and Average Revenue
  3. Hinge Check — Calculating Total Revenue
  4. How Revenue Changes — Percentage Change
  5. Hinge Check — Percentage Change
  6. Fixed Costs and Variable Costs
  7. Costs of a Business — Fixed or Variable?
  8. Hinge Check — Do Fixed Costs Change?
  9. Total Cost and Average Cost — The Cost Table
  10. Seeing It on a Graph — AFC, AVC and ATC
  11. Marginal Cost — and the Short Run vs the Long Run
  12. Hinge Check — Average Cost vs Total Cost
Unit bundleTheme 1 · Markets, consumers and firms
Part of: Theme 1 · Markets, consumers and firms: the whole unitEvery resource in the unit in one zip.

More from Theme 1 · Markets, consumers and firms