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QS6—Revenue, cost and profit calculations

Syllabus
2018
Objective
Level
A2

QS6—Revenue, cost and profit calculations

Calculate total revenue at AS; at A2, calculate marginal, average and total cost, revenue and profit.

Use qs6—revenue, cost and profit calculations to connect the rule to the data and decision in the question.

This matters because qs6—revenue, cost and profit calculations determines what can be inferred or chosen; begin with the stated conditions and keep the conclusion tied to the evidence.

Example: apply qs6—revenue, cost and profit calculations to one small, clearly defined case, show the key step or comparison, and explain the result in words.

Boundary: QS6—Revenue, cost and profit calculations is not a universal recommendation. Check the syllabus scope, assumptions, units and the limits of the evidence before generalising.

ConceptA-Level Edexcel Economics A2