Economics – 11/02/16
I. Bellwork – Explain what occurs to total product and marginal product at each stage. – Copy the table Negative, Increasing, & Diminishing,
| TOTAL PRODUCT | MARGINAL PRODUCT | |
| STAGE 1 | ||
| STAGE 2 | ||
| STAGE 3 |
II. Objective:
- Construct a production function and identify the stages of production
- Using production function data evaluate various explanations for actions or events and determine which explanation best accords with textual evidence.
III. Notebook Work
- Process Map – Stages of the Production Function
IV. Classwork:
- Production-Function-Practice 2-
- Page 127 Vocab (7) & Pg 130 2-5
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