Economics – 10/24/11

I.  Bellwork

  • P130 #5 & #6

II. Objective

  • Determine how businesses analyze their costs and revenues to maximize profits.

III. Discussion and Notebook work: 

  • Flow Map – Stages of Production
  • Multi-Flow Map – Stage 3 of the Production Function
  • Brace Map – Costs – Fixed and Variable

IV.  Classwork: 

  • P. 132 Vocabulary (13)
  • Page 137 #2-7 Q&A

V.  Turn in Your Notebooks

VI.  Chapter 5 Test – Friday


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