Economics – 5/18/17
I. Bellwork:
A. Illustrate each of the following by constructing a simple supply curve graph with arrows:
- an increase in quantity supplied
- a decrease in supply
- an increase in supply
- a decrease in quantity supplied
II. Objective
- Identify how changes in labor result in changes in output. – Theory of Production
- Evaluate various explanations for actions or events and determine which explanation best accords with textual evidence
III. Sec 5.1 iLearn Quiz Today Through Sunday @ 12:30 pm
IV. Process Map – Stages of the Production Function
- Figure 5.5 Graphs in Motion EPP_p128
V. Classwork
VI. Supply Curve Quiz
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