Revision: Short run production and costs
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At A2 level there is a hefty chunk of analysis to do with production and short run costs – this revision note takes you through the key points. Check through your notes and make sure you understand the ideas. You can then check your understanding by using the revision multiple choice tests on the Economics VLE. I have attached a 3 page word file which revises this topic and looks at the key concepts and diagrams.
Revision document
Revising_Production_and_Costs.pdf
Revising_Production_and_Costs.doc
Tags: costs, production, theory of the firm, diminishing returns
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