Economics – 4/03/14
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 more traditional businesses.
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.
- Cite specific textual evidence to support analysis of primary and secondary sources, connecting insights gained from specific details to an understanding of the text as a whole.
III. Classwork
- Chapter-5-Review1 – Complete in class
- Reteaching Chapter 5
IV. Chapter 5 Test Tomorrow
- Chapter 5-1 iLearn Quiz Review
V. Ticket Out (4-6 sentences)
- What do you know?
- What do you need to review?
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