Economics – 10/21/11

I.  Bellwork

A  Identify what happens to Total Product and Marginal Product at each stage (1-3) of the production function. Ex:

                                  Total Product                     Marginal Product

Stage 1

Stage 2

Stage 3

II. Objective

  • Examine how changes in labor affect output. – Theory of Production
  • Construct a production function and identify the stages of production

IIIClasswork

A.  Production Schedule Graphing (1st example stays in notebook)

B.  Copy of Production-Schedules-5-2


Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Follow this blog

Get every new post delivered right to your inbox.




Skip to toolbar