AP Economics – 11/08/19
I. Bellwork
A. Draw a graph with a monopoly earning a profit – label all curves (MC. D. MR. ATC) & show the profit
B. Draw a graph with a monopoly with a loss – label all curves (MC. D. MR. ATC) & show the loss
II. Objectives
- Identify the profit maximizing price and quantity for a monopoly
- Determine whether a monopoly is making a profit or loss
- Construct, analyze, and interpret economic models for a monopoly
- Calculate & Explain the Quantity and Price Effect
III. Classwork
- Page 621 Check Your Understanding 1-2
- P622 Tackle the Test MC 1-5
- 61.3 on iLearn
Leave a Reply