Cambridge Cambridge International AS & A Level Economics 9708 · 7.5
Types of cost, revenue and profit, short-run and long-run production
- Code
- 7.5
- In
- 7 The price system and the microeconomy (A Level)
- Course
- Cambridge International AS & A Level Economics 9708
- Board
- Cambridge
Grade boundaries·Cambridge command words
Codes and titles are read by a script from Cambridge's published specification and have not been checked by a person. What each point covers is in the specification itself: Cambridge’s specification.
Points under 7.5
- 7.5.1 short-run production function
- 7.5.2 short-run cost function
- 7.5.3 long-run production function
- 7.5.4 long-run cost function
- 7.5.5 relationship between economies of scale and decreasing average costs
- 7.5.6 internal and external economies of scale
- 7.5.7 internal and external diseconomies of scale
- 7.5.8 Total, average and marginal revenue
- 7.5.9 definition of normal, subnormal and supernormal profit
- 7.5.10 calculation of supernormal and subnormal profit
Points in 7 The price system and the microeconomy (A Level)
- 7.1 Utility
- 7.2 Indifference curves and budget lines
- 7.3 Efficiency and market failure
- 7.4 Private costs and benefits, externalities and social costs and benefits
- 7.5 Types of cost, revenue and profit, short-run and long-run production
- 7.6 Different market structures
- 7.7 Growth and survival of firms
- 7.8 Differing objectives and policies of firms