Edexcel A Level Economics A:复习笔记3.3.2 Costs
The Relationships Between Different Types of Costs Fixed costs are costs that do not change as the level of output changes These have to be paid whether output is zero or 5000 e.g. building rent, m...
Edexcel A Level Economics A:复习笔记3.3.1 Revenue
Total, Average & Marginal Revenue Total revenue is the total value of all sales a firm incurs Average revenue is the overall revenue per unit Marginal revenue is the extra revenue received ...
Edexcel A Level Economics A:复习笔记3.2.1 Business Objectives
Profit & Revenue Maximisation Profit Maximisation Most firms have the rational business objective of profit maximisation Profits benefit shareholders as they receive dividends & also increa...
Edexcel A Level Economics A:复习笔记3.1.3 Demergers
Reasons for Demergers A demerger occurs when a firm sells off at least one of the businesses it owns, or splits itself into separate parts to create two or more firms Reasons For Demergers Reducing...
Edexcel A Level Economics A:复习笔记3.1.2 Business Growth
How Businesses Grow Business growth can be organic or external Organic growth (internal) is usually generated by gaining greater market share product diversification opening a new store internation...
Edexcel A Level Economics A:复习笔记3.1.1 Size & Types of Firms
Reasons for Growth & Reasons to Remain Small Many firms start small & will grow into large companies or even multi-national corporations (Amazon started in a garage) Reasons Why Firms Grow ...
Edexcel A Level Economics A:复习笔记2.6.4 Conflicts & Trade-offs Between Objectives & Policies
Trade-offs Between Macroeconomic Objectives Policy decisions by governments often create a trade-off in the macroeconomic objectives Achieving one objective may come at the cost of worsening progre...
Edexcel A Level Economics A:复习笔记2.6.3 Supply-side Policies
Supply-side Policies Supply-side policies aim to shift the long-run aggregate supply (LRAS) There are two categories of supply-side policies Interventionist and market-based Interventionist supply-...
Edexcel A Level Economics A:复习笔记2.6.2 Demand-side Policies
Demand-side Policies Demand-side policies aim to shift aggregate demand (AD) in an economy There are two categories of demand-side policies Fiscal policy and monetary policy Fiscal policy involves ...
