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Economics

AI prompts for senior secondary learners.

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260 prompts matching "Internal economies of scale"

Spot my mistake: Complete a four-row comparison table of market and planned systems

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Let me explain: Drawing a demand curve to scale from a given demand schedule

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Spot my mistake: A movement along a demand curve and a shift of the whole curve compared

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Project task: Demand for sachet water at five prices is tabulated, summed and plotted on one pair of axes

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Spot my mistake: The law of demand

Show me a worked example on the law of demand with an error somewhere in it. Do not tell m

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Quiz: Why the supply curve slopes upwards in terms of profitability and rising costs

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Spot my mistake: The meaning of equilibrium price and equilibrium quantity and locate both on a drawn diagram

Give me a wrong or muddled explanation of the meaning of equilibrium price and equilibrium

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Spot my mistake: Drawing a demand and supply diagram to scale

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Spot my mistake: Four determinants of the demand for cement in Nigeria

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Spot my mistake: The determinants of PES, including time period, stocks, spare capacity and factor mobility

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Practice set: Drawing and label four supply curves of differing elasticity

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Quiz: Using elasticity to judge how large the price and quantity effects of a given shift will be

Set me a quick recall test on using elasticity to judge how large the price and quantity e

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Project task: Map the knock-on effects of a diesel price rise on the bakery, cold-store and haulage markets

Set me a small project on map the knock-on effects of a diesel price rise on the bakery, c

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Practice set: Four consequences for consumers of a rise in the price of a staple food

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Spot my mistake: The meaning of consumer surplus and producer surplus

Give me a wrong or muddled explanation of the meaning of consumer surplus and producer sur

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Practice set: Four reasons for public ownership of an industry

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Practice set: Matching six Nigerian cases to their cause of failure

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Practice set: Two external costs and two external benefits of road building in Nigeria

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Spot my mistake: The mixed economic system and the balance struck between the private and public sectors

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Spot my mistake: Drawing a maximum price diagram to scale and measure the resulting shortage in units

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