Production, Costs, Revenue And Profit
Gbogbo ọrọ náà
A bakery and a national supermarket chain both sell bread. The bakery pays more for every sack of flour it buys, more per loaf for its ovens, more per delivery for its van. It is not badly run. It is simply small, and in this part of economics size changes the arithmetic. Understanding why is the difference between describing a business and explaining one.
This lesson gives you the four quantities every producer watches: costs, revenue, profit and productivity. You will separate fixed costs from variable ones and total figures from averages, calculate profit from raw sales data, and work out how much output a workforce produces per head. Then you will meet economies of scale, the reason a bigger firm can undercut a smaller one, and diseconomies of scale, the reason getting bigger eventually starts to hurt. Along the way you will meet the awkward question the examiners keep returning to: what happens when the pursuit of profit runs into what is right.
Ebumnobi
- Business objectives
- Types of costs
- Types of revenue
- Profit
- The importance of cost, revenue and profit for producers
- Moral and ethical considerations
- Production and productivity
- The meaning and importance of productivity
- The factors that influence productivity
- Economies of scale
- The meaning of economies of scale
- Types of economies of scale
- Diseconomies of scale
Maapụ uche
E seela isiokwu a ka ị hụ otu echiche si ejikọta.
Mepee maapụ uche na ngwa
Akwụkwọ Ọmụmụ
Ndetu Nkuzi Zuru Ezu di na Ngwa Green Bridge
Nweta ngwa Green Bridge CBT na ekwenti gi ma o bu kompiuta maka ulo akwukwo IGCSE zuru oke: akwukwo ule ndi gara aga, usoro nyocha, eserese uche, kaadi omumu na nkuzi olu.
Nnyocha Ọmụmụ
Ekele diri gi maka imecha ihe karịrị na Production, Costs, Revenue And Profit. Ugbu a na ị na-enyochakwa isi echiche na echiche ndị dị mkpa, ọ bụ oge iji nwalee ihe ị ma. Ngwa a na-enye ụdị ajụjụ ọmụmụ dị iche iche emebere iji kwado nghọta gị wee nyere gị aka ịmata otú ị ghọtara ihe ndị a kụziri.
Ị ga-ahụ ngwakọta nke ụdị ajụjụ dị iche iche, gụnyere ajụjụ chọrọ ịhọrọ otu n’ime ọtụtụ azịza, ajụjụ chọrọ mkpirisi azịza, na ajụjụ ede ede. A na-arụpụta ajụjụ ọ bụla nke ọma iji nwalee akụkụ dị iche iche nke ihe ọmụma gị na nkà nke ịtụgharị uche.
Jiri akụkụ a nke nyocha ka ohere iji kụziere ihe ị matara banyere isiokwu ahụ ma chọpụta ebe ọ bụla ị nwere ike ịchọ ọmụmụ ihe ọzọ. Ekwela ka nsogbu ọ bụla ị na-eche ihu mee ka ị daa mba; kama, lee ha anya dị ka ohere maka ịzụlite onwe gị na imeziwanye.
- Which of the following is most likely to be a variable cost for a bakery? A. Building insurance B. Flour C. The manager's salary D. The rent on the shop Answer: B
- A firm's total revenue is $80,000 and its total costs are $63,500. What is its profit? A. $16,500 B. $63,500 C. $80,000 D. $143,500 Answer: A
- A firm pays a lower price per tonne to its suppliers as its output increases. Which economy of scale is this? A. Financial B. Managerial C. Purchasing D. Risk-bearing Answer: C
- A workshop with 5 workers produces 240 units a day. What is the output per worker? A. 24 units B. 48 units C. 235 units D. 1,200 units Answer: B
- Which of the following is a cause of diseconomies of scale? A. Bulk-buying discounts on raw materials B. Communication becoming slower as the firm grows C. Fixed costs being spread over more units D. Lower interest rates on borrowing Answer: B
Rue ajuju ndi a n'ime ngwa ahu
Rue ajuju ndi a n'ime ngwa ahu
Akwụkwọ A Na-atụ Aro
Meecha Ajụjụ Ule Ọmarịcha
Ị chọrọ ime ajụjụ ule ọmarịcha gbasara Production, Costs, Revenue And Profit? Budata ngwa Green Bridge CBT iji nweta ajụjụ ule ọmarịcha na nyocha zuru ezu gbasara isiokwu a.
Budata Ngwa Ahụ Na Google Playstore
Ihe nile ichoro iji nwee ihe ịga nke ọma na JAMB, WAEC & NECO.
