Economics – 5/24/2016

I.  Bellwork:

A.  Figure 5.6 Page 134 Questions & Answers

1. At what number of products is the break-even point in on the table achieved? Estimate a range.
2. At what number of workers is the profit-maximization level achieved on the table and explain why this choice is correct.
3. 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. Be respectful and listen to the sub or get a zero on all the work today

IV.  Classwork

• Production-Schedule 2 – The sheet is on my desk – Write on the sheet
• On the back of the Production Schedule2
  • Page 141 Questions & Answers #21-28 – Finish on back of Production Schedule paper

V.  Chapter 5 Test Thursday– For Review: Reteaching Chapter 5

Economics W2016