Economics – 5/25/17

I.  Bellwork: 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. Objectives:

• Examine the importance of entrepreneurs in a market economy as they attempt to obtain capital and financing to support their endeavors.
• Demonstrate understanding of  visual information by restating, paraphrasing,  critiquing the entrepreneurs products and the deals offered by investors on Shark Tank.

III.  Chapter 5 Test on Tuesday – Review your materials

IV.  Shark Tank Season 8 Episode 23 

https://abc.go.com/shows/shark-tank/episode-guide/season-08/23-episode-23

Anyone playing with their phone or being disruptive will receive a zero

Write down the questions below.  Answer the questions for each entrepreneur and turn them in today.

1. What is the product/service or idea?
2. What is the entrepreneur asking for and what are they willing to give up?
3. What decision was made?
4. Explain your opinion on the product and deal that was or wasn’t made. 1-2 sentences

Economics W2017