Economics – 10/29/14
I. Bellwork: Questions & Answers
A. Figure 5.6 Page 134
- At what number of products is the break-even point in on the table achieved? Estimate a range.
- At what number of workers is the profit-maximization level achieved on the table and explain why this choice is correct.
- Explain the advantages e-commerce stores have over traditional stores? (Page 135)
II. Objective
- Construct and analyze the production function and other decision making models which are used to make business decisions.
- Integrate and evaluate multiple sources of information presented in diverse formats and media in order to address a question or solve a problem.
III. Classwork
- Production-Schedules-5-2 5-3 Activities (Part 2)
- Reteaching Chapter 5
- Variable and Fixed Cost Business
IV. Ticket Out (3-4 sentences each)
- Explain the concepts in Chapter 5.3 you know?
- Explain those concepts in Chapter 5.3 you need to review?
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