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Economics

AI prompts for senior secondary learners.

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267 prompts matching "Quiz: The PED formula"

Spot my mistake: How price elasticity of demand and of supply determine the split of the burden between consumer

Give me a wrong or muddled explanation of how price elasticity of demand and of supply det

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Teach me: Calculating total tax revenue and each party's share of the burden from given price

Be my SS2 Economics teacher for this one point: calculating total tax revenue and each par

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Project task: Drawing the supply shift caused by a fifty naira specific tax on a crate of soft drinks

Set me a small project on drawing the supply shift caused by a fifty naira specific tax on

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Spot my mistake: Drawing and label a diagram showing the incidence of a specific tax when demand is inelastic

Show me a worked example on drawing and label a diagram showing the incidence of a specifi

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WAEC prep: Calculating the consumer's share of the tax burden from the data given

Act as my WAEC Economics examiner. I am in SS2. Set me an exam-standard question on calcul

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Practice set: Why the burden of a tax on petrol falls mainly on consumers

Set me five practice tasks on why the burden of a tax on petrol falls mainly on consumers,

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Let me explain: The law of variable proportions, showing increasing, diminishing and negative returns

Act as my study partner. I will teach you the law of variable proportions, showing increas

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Spot my mistake: The short run and the long run in terms of fixed and variable factors, compared

Show me a worked example on the short run and the long run in terms of fixed and variable

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Teach me: The relationship between the marginal and average product curves at their point of intersection

You are my personal SS2 Economics tutor. Teach me the relationship between the marginal an

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Practice set: Pair task identifying the output at which marginal product cuts average product

Give me a practice set on pair task identifying the output at which marginal product cuts

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Spot my mistake: Complete the average and marginal product columns for six units of labour

Show me a worked example on complete the average and marginal product columns for six unit

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Practice set: The law of diminishing returns using the figures in your own table

Set me five practice tasks on the law of diminishing returns using the figures in your own

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Quiz: Plotting total, average and marginal revenue

I am revising Theory of Production: Costs and Revenue for SS2 Economics. Test me on plotti

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Spot my mistake: The relationship between price changes and total revenue

Write a short SS2 Economics answer about the relationship between price changes and total

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WAEC prep: The profit-maximising condition and apply it to the cost and revenue table given

Act as my WAEC Economics examiner. I am in SS2. Set me an exam-standard question on the pr

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Teach me: The meaning of money, state its functions

I am an SS2 student studying Demand for and Supply of Money in Economics. Explain the mean

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Let me explain: The supply of money and classify assets into the narrow and broad measures M1, M2 and M3

I am going to explain the supply of money and classify assets into the narrow and broad me

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Spot my mistake: The quantity theory of money in the form MV = PT

Give me a wrong or muddled explanation of the quantity theory of money in the form MV = PT

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Project task: Applying MV = PT to given values to show the effect of a twenty per cent rise in the money

Give me a practical task on applying MV = PT to given values to show the effect of a twent

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Practice set: Calculating the price level from the values of M, V and T provided

Set me five practice tasks on calculating the price level from the values of M, V and T pr

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