Economics – 10/24/12
I. Bellwork: Q&A
- Explain why electricity is considered to be a variable cost.
- Explain why many people are choosing to start e-commerce stores instead of traditional businesses?
II. Objective:
- Examine how businesses analyze their costs and revenues to maximize profits.
III. Discussion: Cost/Revenue/Profit Maximization Pages 132-137
IV. Classwork
A. For each industry/business featured in the video (3), explain what threatened their profits, how they responded to the challenge, and what was the outcome?
- Video – Economics USA Profits & Interest
V. Chapter 5 Test Tuesday – Chapter-5-Review1
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