Edexcel A Level · 9EC0 · Theme 3: Business behaviour and the labour market
3.3.4 Normal profits, supernormal profits and losses
Everything you need for questions on normal profits, supernormal profits and losses, in the words examiners reward. An interactive seven-step lesson goes with it.
What's on this sheet
- Three outcomes
- Showing profit and loss
- Shutdown points
- Why profit matters
- Classic question: should a loss-making firm close down?
- Side 2: practice tasks, where the marks go, and exam-style questions
- Separate answer key
The lesson in seven steps
- Find the profit rectangle
- Normal, supernormal or loss?
- Stay open or close?
- Profit trainer
- Profit and survival
- Build the chain
- Exam practice
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