e-conomics
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    • Videos - Scarcity, Choice and the PPC
    • Production possibility curves
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    • Jason Welker - The Economics Classroom... a series of worksheets and practice activities
  • 2016-18
  • Microeconomics
    • 1.1 Competitive markets: demand and supply >
      • Markets
      • Supply and demand >
        • Linear demand and supply functions
        • Practice question: linear demand and supply
      • Market equilibrium >
        • Food, glorious food - but what a price
        • Tomatoes hit outrageous price
      • More videos on demand, supply, equilibrium
    • 1.2 Elasticities >
      • Elasticity formulae and practice
      • Case studies
      • Meet the credit crunch winners
    • 1.3 Government intervention >
      • Practice question: indirect taxes
      • Practice question: subsidies
      • Minimum price - coffee
    • 1.4 Market failure >
      • The tragedy of the bunnies
    • 1.5 Theory of the firm (HL only) >
      • Videos
      • Cost curve practice
      • Probe into chocolate 'price-fixing'
  • Macroeconomics
    • 2.1 The level of overall economic activity >
      • What is GDP and why does it matter?
      • Green GDP
    • 2.2 Aggregate demand and aggregate supply >
      • Supply side bottlenecks
    • 2.3 Macroeconomic objectives >
      • Low unemployment >
        • How technology wrecks the middle class
      • Low and stable rate of inflation
      • Economic growth
      • Equity in the distribution of income
    • 2.4 Fiscal policy
    • 2.5 Monetary policy
    • 2.6 Supply-side policy
  • International
    • 3.1 International trade
    • 3.2 Exchange rates
    • 3.3 The balance of payments
    • 3.4 Economic integration
    • 3.5 Terms of trade (HL only)
  • Development economics
    • 4.1 Economic development >
      • Introduction to development (Tutor2U)
      • Millennium Development Goals
      • MDG Progress Reports
    • 4.2 Measuring development
    • 4.3 The role of domestic factors
    • 4.4 The role of international trade
    • 4.5 The role of foreign direct investment (FDI)
    • 4.6 The role of foreign aid and multilateral development assistance
    • 4.7 The role of international debt
    • 4.8 The balance between markets and intervention
  • Visible Thinking
  • Untitled

Cost curve practice

1. Fill in the columns for fixed cost and variable cost.
2. Graph fixed cost, variable cost and total cost.
3. Comment on the relationship between the curves.
4. Fill in the columns for average fixed cost, average variable cost, average cost and marginal cost.
5. On a new graph plot these four curves.
6. Explain the shape of the curves and the relationships between the curves.
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