Breakeven (HL only)
This lesson focuses on breakeven. Previously this unit of the syllabus included shut down points, which is no longer part of the new syllabus.What is the difference between a firms breakeven point and the point that businesses will be forced to shut down in both the short term and the long run.Lesson time: 45 minutesLesson objectives:Explain, using a diagram, when a loss-making firm would shut down and exit the market...
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