ZIMSEC A-Level Economics
4.4Production costs
Production costs in ZIMSEC A-Level Economics: what the syllabus expects you to know, the learning objectives and how to practise.
Subtopic67 practice questions3 lessons
Learning objectives
What the syllabus expects you to be able to do.
- 4.4.1Explain the short run and the long run and calculate total, marginal and average costs.
- 4.4.2Distinguish between internal and external economies and diseconomies of scale.
Lessons
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Long-run costs and economies of scale
45 min
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Short-run costs: total, average and marginal
45 min
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Short-run production and diminishing returns
40 min
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Sample question
A sample question on this topic. Answer it, check it, then read the worked answer.
Turn Production costs into a strength.
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