I.  Bellwork Q&A From a starting point of D & S What is the current equilibrium price? What is the new price if demand remains constant and supply increases to S2? What would be the new price if demand decreases to D1 and Supply increases to S2? What would be the price if demand remains constant […]

I.  Bellwork Q&A Economics Analysis Pages 149, 150, and 152 II. Objective Analyze how prices change through the interaction of buyers and sellers in a market including the role of supply, demand, equilibrium, surpluses, and shortages. Integrate and evaluate multiple sources of information presented in diverse formats in order to address a question or solve […]

I.  Bellwork  – Q&A A.  Page 147 Analyze the Impact 1-2 B.  Answer the additional questions below 1. What is a benefit of selling merchandise on-line? 2. What is a disadvantage of buying merchandise on-line? II. Objective Analyze how prices change through the interaction of buyers and sellers in a market including the role of […]

I. Bellwork List 3 goods or services you have recently purchased. For each, explain how price may have influenced your decision regarding the items you purchased. II. Objective Analyze how prices send signals and provide incentives to buyers and sellers in a competitive market. III.    Discussion: Prices as Signal Pages 142-146 Videos –  Rationing […]

 I.  Bellwork Q&A A. Chapter 5 Enrichment II.  Objective Explain the law of supply and analyze changes in supply as well as changes in quantity supplied. Analyze the production function and other decision making models which allow businesses to maximize profits. III.  Turn in Reteaching Chapter 5 IV. Economics – Content Vocabulary Activities– V.  Chapter […]

I.  Bellwork: Page 141- #34 Draw diagrams & answer Page 141- #37  Answer only II. Objective Explain the law of supply and analyze changes in supply as well as changes in quantity supplied. Analyze the production function and other decision making models which allow businesses to maximize profits. III. Section 5-3 Quiz Production Schedule with Profit […]

I.  Bellwork: A. Section 5-3 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 more traditional businesses. II. Objective: Examine how businesses analyze their costs and revenues to maximize profits. Integrate and evaluate multiple sources of information presented in diverse formats […]

I.  Bellwork A  Identify what happens (increase/decrease) to Total Product and Marginal Product at each stage (1-3) of the production function Total Product                     Marginal Product Stage 1          ——————–                     —————— Stage 2          ——————–                     ——————— Stage 3          ——————–   […]