Economics – 5/27/11
I. Bellwork: Q&A – Show work for #3
Absolute & Comparative Worksheet |
||||
Country X | Country Y | |||
Grapefruit | 10/tons | 15/tons | ||
Olives | 40/tons | 30/tons | ||
1. Which country has the absolute advantage in producing grapefruit? | ||||
2. Which country has the absolute advantage in producing olives? | ||||
3. Which country has the comparative advantage in producing grapefruit? | ||||
4. Which country has the comparative advantage in producing olives? |
II. Objective:
- Examine the business plans of entrepreneurs as they attempt to obtain capital and financing.
III. Turn in Notebooks
IV. Classwork- Shark Tank Week 7 Episode –
*Open using Internet Explorer
https://abc.go.com/watch/shark-tank/SH559076/VD55125252/week-7
A. Questions to answer for each entrepreneur. Q&A
- What is the product/service or idea?
- What is the entrepreneur asking for and what are they willing to give up?
- What decision was made?
- What is your opinion?
Leave a Reply