- Costs Revenue Economies Diseconomies of scale Break-even Analysis* ’ppt’ IGCSE Economics. I have consistently produced A*s, As, and Bs. You can replicate my results with my up-to-date notes. *Engage your students, relax, and simply guide them as they work and learn to excel. ‘Class Activities.’ with Answers.’
Lesson Objectives;
At the completion of the lesson, the students should be able to;
• Identify and classify costs using examples, e.g. fixed, variable, average, total • Use cost data to help make simple cost-based decisions, e.g. to stop production or continue. • Explain economies of scale with examples, e.g. purchasing, marketing, financial, managerial, technical. • Explain diseconomies of scale with examples, e.g. poor communication, lack of commitment from employees, weak coordination. External economies of Scale. • Break-even analysis • Construct, complete or amend a simple break-even chart • Interpret a given chart and use it to analyse a situation • Calculate break-even output from given data • Define, calculate and interpret the margin of safety • Use break-even analysis to help make simple decisions, e.g. impact of higher price • Understand the limitations of break-even analysis
Class Activity Questions. Solutions included.
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