Costs of production and scale of operations

An absolute time saver for the busy teacher. This bundle of worksheets helps to explain different concepts associated with costs of production. The student entrenches costs concepts and applies them. The worksheets focus on :

• a quiz addressing the concepts of fixed, variable costs, average and total costs and economies of scale and diseconomies of scale
• an application of the cost concepts and their calculation through case studies
• an application of economies of scale through case studies
  At the end of completion students are cognizant of concepts and can apply them in a number of business scenarios.