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

A. How Nintendo loses money on every Wii U

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
  • Spreading Effect-p. 558
  • Diminishing Returns Effect-p. 558

C.  Videos:

  1. Costs of Production- Microeconomics 3.3 (Part 1)

  2. Cost Curves- Microeconomics 3.3 (Part 2)
  3. Short-Run Cost Curves (Part 3)- Micro Topic 3.2

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

A.  Read Ethics in Action Read Page 92

  • 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