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Business objectives and pricing decisions

Edexcel 9EB0T4-1dA-levelLesson packSubscription
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  • 11 questions
  • 44 marks
  • about 55 minutes
  • marked instantly

Question types: multiple choice, short answer, calculation, fill the gap, true or false.

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Which of the following formulas correctly calculates a firm's average revenue (AR)?

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About this resource

Edexcel Economics B (9EB0) Theme 4 'Making markets work' (Paper 1), Unit T4-1 'Competition and market power' — spec ref 4.1.4. Calculating average cost (AC), average revenue (AR), total revenue, total cost and profit, with worked examples and hand-checked arithmetic; marginal cost (MC) and margin…

23 slides.

Lesson outline

  1. Do Now — Retrieval
  2. Hinge Check — What Does 'Skimming' Mean Here?
  3. Calculating Revenue, Cost and Profit
  4. Hinge Check — Reading the GreenBrew Example
  5. Marginal Cost (MC) and Marginal Revenue (MR)
  6. Hinge Check — Should the Firm Produce One More Unit?
  7. Finding the Profit-Maximising Output — A Schedule
  8. Linking MC/MR to Contribution
  9. Hinge Check — What Does Contribution Actually Pay For First?
  10. Guided Practice — Calculate AC, Profit and Contribution
  11. Hinge Check — Interpreting CrispBake's Result
  12. Business Objectives
Unit bundleTheme 4 · Making markets work
Part of: Theme 4 · Making markets work: the whole unitEvery resource in the unit in one zip.

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