Firms Costs Revenue and Objectives Breal Even Chart ' ppt' IGCSE Economics IGCSE Economics

Complete Lesson.
*Topic:*Firms Costs Revenue Economies and Disecomies of Scale and Breal Even Analysis pptx IGCSE Economics and Business Studies syllabus. *.Engage your students, relax, and simply guide them as they work and learn to excel. ‘Class Activities.’ ‘Keywords Study’ ‘Multiple Choice Questions with Answers.’
Lesson Objectives;
At the completion of the lesson, the students should be able to;
Define costs of production -Total cost (TC), average total cost (ATC), fixed cost (FC), variable cost (VC), average fixed cost (AFC), average variable cost (AVC). Note: marginal cost not required. Calculate the costs of production -Calculation of TC, ATC, FC, VC, AFC and AVC. Definition, drawing and interpretation of diagrams that show how changes in output affect costs of production. Define revenue - Total revenue (TR) and average revenue (AR). Note: marginal revenue is not required. Calculate revenue - Calculate TR and AR. The influence of sales on revenue. Objectives of firms - Survival, social welfare, profit maximisation and growth.