tutor2u | Production, Productivity and Costs of Supply

Study Presentations

Production, Productivity and Costs of Supply

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

Last updated 22 Mar 2021

This is a revision presentation on production, productivity and cost in markets

This presentation considers some core concepts relating to production and productivity (they are not the same!) which will be useful in understanding the theory of market supply. Productivity is a measure of efficiency and changes in productivity have an important effect on the unit costs of supply. In this section we also briefly cover fixed and variable costs and the sources of some long run economies of scale which benefit bigger businesses as they expand. Specialisation is an important AS concept – be ready to apply it to the production possibility frontier for example.

Production, Productivity and Costs of Supply

Recommended

Exam support for 2022

Online Grade Booster Courses for A-Level Exams in May & June 2022

Exam technique, advance information support, live revision and more from the tutor2u subject specialist teams

Enrol now

© 2002-2022 Tutor2u Limited. Company Reg no: 04489574. VAT reg no 816865400.