Economics – 11/03/10
I. Bellwork Q&A
1. Provide 2 examples of fixed costs
2. Provide 2 examples of variable costs
3. Explain the difference between total costs and marginal costs.
II. Objective
- Examine how businesses analyze their costs and revenues to maximize profits.
III. Turn in Homework
IV. Classwork
A. For each business featured in the video (3), explain what threatened their profits and how they responded to the challenge.
V. Video – Economics USA Profits
VI. Chapter 5 Test Friday – Chapter-5-Review
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