Oct 15

# AP Economics – 10/16/19

I.  Bellwork

• Page 551 Free Response #2

II. Objectives

• Describe the various types of cost a firm faces: variable, fixed, and total costs
• Explain how a firm’s costs generate marginal cost curves and average cost curves
• Interpret and explain graphic models representing costs

III.  Discussion:  Firm Cost Module 55 – pgs 552-562

B.  Concepts

• TC = FC + VC
• MC = Chg TC / ChgQ
• ATC = TotalCost / Quantity of Output
• AFC = Fixed Cost ./ Quantity of Output
• AVC = Variable Cost / Quantity of Output
• Diminishing Returns Effect-p. 558

C.  Videos:

IV. Classork

3.2 Cost of Production Practice

Oct 15

# Economics – 10/16/19

I.   Bellwork

• Draw a supply graph which illustrates a change in  quantity supply (Use arrows)
• Draw a supply graph which illustrates a decrease in supply (use arrows)

II.  Objective

• Define Supply; identify changes in quantity supplied and factors that cause a change in supply.
• Analyze various scenarios and determine the impact on supply or quantity supply

III. Retake today after school @ 3:00 pm

IV.  Notebook –

V.  Classwork

Oct 15

# Accounting – 10/16/19

I. Bellwork

• Research the internet and list 4 interview questions that are illegal to ask an applicant

II Objectives

• Construct a chart of accounts for a service business organized as a proprietorship
• Demonstrate correct principles for numbering accounts
• Apply file maintenance principles to update a chart of accounts
• Complete the necessary steps to open general ledger accounts
• Orally explain how account numbers are assigned to accounts

III.  Read & Discuss: Pages 94-96

• Two Parts of an Account Number
• Assigning Account Numbers

IV.  Classwork

• Page 97 4-1 Working Together & On Your Own
• Page 117  4-1 Application problem
• Complete on Aplia – for above assignment