Economics – 10/19/12

I.  Bellwork

A  Identify what happens (increase/decrease) to Total Product and Marginal Product at each stage (1-3) of the production function

                          Total Product                     Marginal Product

Stage 1          ——————–                     ——————

Stage 2          ——————–                     ———————

Stage 3          ——————–                     ———————

II.  Objective:

• Examine the importance of entrepreneurs in a market economy as they attempt to obtain capital and financing.

III.  Turn in Your Notebooks

IV.   Classwork- Shark Tank Season 4 Week 4

A.  Q&A  Write down these questions to answer for each entrepreneur and turn them in today.           

1. What is the entrepreneur’s product/service or idea?
2. What is the entrepreneur asking for and what are they willing to give up?
3. What decision was made?
4. What is your opinion on what occurred?

Economics F2012