Resource information:
A 5 minute video that investigates the costs involved in producing a product or providing a service. This video covers fixed & variable costs and how to calculate total costs.
The downloadable worksheet contains a variety of questions that are based on the knowledge gained from the video. It gets students to understand how to calculate total costs using both variable and fixed costs, along with why total costs are important to a business and its decision making process. The download also comes with a teacher answer sheet.
Suitable for:
This resource is ideal to set as homework or could be used as a task in class.
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