Spec 9EC0
Revise Edexcel A A Level Economics 3.3.2 Costs with the question bank, lessons, revision guides, and flashcards.
a) Formulae to calculate and understand the relationship between: • total cost • total fixed cost • total variable cost • average (total) cost • average fixed cost • average variable cost • marginal cost • b) Derivation of short-run cost curves from the assumption of diminishing marginal productivity • c) Relationship between short-run and long-run average cost curves
