(Old Course) FACTORS OF PRODUCTION - Enterprise Revision Notes, Past Papers & Questions for Leaving Cert Economics

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What indicates a firm is making economic profit?

Total revenue is higher than costs

Total revenue equals total costs

Costs exceed total revenue

Only fixed costs are counted

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(Old Course) FACTORS OF PRODUCTION - Enterprise Revision Notes, Past Papers & Questions for Leaving Cert Economics

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(Old Course) FACTORS OF PRODUCTION - Enterprise Revision Notes

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Other Leaving Cert Economics topics to explore

Economic Concepts

Elasticity

(Old Course) FACTORS OF PRODUCTION - Capital

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National Income

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Revenue & Profit

Demand

Supply

Market Equilibrium

Cost of Production

Perfect Competition

Imperfect Competition

Oligopoly

The Price Level

The Government Budget and The National Debt

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Labour