Page 581 Check Your Understanding & Tackle the Test 1-5
- Construct, analyze and interpret economic models relating to MC, ATC, and MR to determine profit maximization and industry entry and exit by firms
- Explain and calculate using data from a graph or table various measures of productivity and short/long run costs.
- Define (using graphs where appropriate) key terms and concepts relating to production, marginal analysis, and profit maximization.
- AP Classroom Problems – together in class
- Homework – iLearn Review
IV. Exam Monday -Section 10 (Module 52-57)