The Law of Diminishing Returns & Returns to Scale - Microeconomics

The Law of Diminishing Returns & Returns to Scale - Microeconomics
The Law of Diminishing Returns & Returns to Scale - Microeconomics
The Law of Diminishing Returns & Returns to Scale - Microeconomics
The Law of Diminishing Returns & Returns to Scale - Microeconomics
The Law of Diminishing Returns & Returns to Scale - Microeconomics
The Law of Diminishing Returns & Returns to Scale - Microeconomics
The Law of Diminishing Returns & Returns to Scale - Microeconomics
The Law of Diminishing Returns & Returns to Scale - Microeconomics
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1 MB|41 pages
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A really detailed lesson on the law of diminishing returns and returns to scale. This lesson looks at the difference between the short-run and long-run and introduces the concept of the law of diminishing returns with nice clear and fun examples. The lesson then explains returns to scale and the three possibilities. I have tried to make this tricky topic easy for students to understand and included various tasks throughout the lesson. There are graph and calculation questions and a exam style question to finish off. I have also included a nice multiple choice quiz on the topic which would be perfect for a plenary / starter task. Perfect set of resources for Economics / Microeconomics.
Total Pages
41 pages
Answer Key
N/A
Teaching Duration
2 hours
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