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Business Profits and Losses

Level:
A-Level
Board:
AQA, Edexcel, IB, OCR

Last updated 21 Mar 2021

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This is an updated revision presentation on business profits and losses

Students should be able to:

  • Understand the distinction between normal and supernormal profit
  • Explain and illustrate the concept of profit maximisation using marginal cost and marginal revenue
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