Economics – 10/21/11
I. Bellwork
A Identify what happens to Total Product and Marginal Product at each stage (1-3) of the production function. Ex:
Total Product Marginal Product
Stage 1
Stage 2
Stage 3
II. Objective
- Examine how changes in labor affect output. – Theory of Production
- Construct a production function and identify the stages of production
III. Classwork
A. Production Schedule Graphing (1st example stays in notebook)
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