Tutor2u: Long Run Costs

Calculate profit and loss, plot on diagrams, and solve problems for given scenarios and variables in this 3-page worksheet. Students will obtain excellent practice after completing these pages. 

Young economists consider perfect competition, market demand, supply, and long-run equilibrium in this practical worksheet. There are eight multiple part questions to answer, real-world scenarios to consider, and graphs to complete.

Do you really need that new laptop/phone/dress/jacket/etc.? Financial decisions require us to distinguish between our wants and our needs. Through discussion and the evaluation of scenarios on provided worksheets, this resource...

In this economics worksheet, students respond to 15 fill and the blank and multiple choice questions about price elasticity of demand.

What happens in the long run when there is time for firms to enter and leave a market in perfect competition? 

What happens to price, quantity, and GDP on a graph when the aggregate demand and aggregate supply curves shift? Economics instructor Mr. Clifford provides another great instructional video for macroeconomics students, covering such...

It costs money to borrow money. Historians use a podcast to investigate how interest rates impact buying—and borrowing—in the marketplace. The 14th episode in a 21-part Economic Lowdown series researches the extra money people must pay...

This site provides an in-depth examination of monopolistic competition, along with appropriate levels of output, price, and corresponding profits. This site is for the advanced student of economics.

Students simulate the transaction costs experienced by the average householder in the former Soviet Union. They consider time spent searching and waiting in line, scarcity of goods and the lure of the black market.

Use as a supplimental material or to compliment a full unit on Aggregate Supply. This presentation was originally intended to accompany the McGraw-Hill/Irwin, 2002 Economics text, but could be used with any similar lesson.