I.  Bellwork Q&A From a starting point of D & S What is the current equilibrium price? What is the new price if demand remains constant and supply increases to S2? What would be the new price if demand decreases to D1 and Supply increases to S2? What would be the price if demand remains constant […]

I.  Bellwork Q&A Economics Analysis Pages 149, 150, and 152 II. Objective Analyze how prices change through the interaction of buyers and sellers in a market including the role of supply, demand, equilibrium, surpluses, and shortages. Integrate and evaluate multiple sources of information presented in diverse formats in order to address a question or solve […]

 I.  Bellwork  – Q&A A.  Page 147 Analyze the Impact 1-2 B.  Answer the additional questions below 1. What is a benefit of selling merchandise on-line? 2. What is a disadvantage of buying merchandise on-line? II. Objective Analyze how prices change through the interaction of buyers and sellers in a market including the role of […]

I. Bellwork If prices are high, explain how: consumers react producers react II. Objective Analyze how prices send signals and provide incentives to buyers and sellers in a competitive market. Evaluate various explanations for actions or events and determine which explanation best accords with textual evidence III.    Discussion: A.  Prices as Signal Pages 142-146 […]

I.  Bellwork Page  R35 at the end of the book Q&A 1-4 II. Objectives: Examine the importance of entrepreneurs in a market economy as they attempt to obtain capital and financing to support their endeavors. Demonstrate understanding of written, spoken, or visual information by restating, paraphrasing, summarizing, critiquing, or composing a personal response III.  Chapter […]

 I.  Bellwork Page 141- #34 Draw diagrams & answer Page 141- #37  Answer only II.  Objective Explain the law of supply and analyze changes in supply as well as changes in quantity supplied. Analyze the production function and other decision making models which allow businesses to maximize profits. III.  Turn in Reteaching Chapter 5 IV. […]

I.  Bellwork: Q&A A. Chapter 5 Enrichment II. Objective Explain the law of supply and analyze changes in supply as well as changes in quantity supplied. Analyze the production function and other decision making models which allow businesses to maximize profits. Cite specific textual evidence to support analysis of primary and secondary sources, connecting insights […]

I.  Bellwork: A. Section 5-3 Q&A Explain why electricity is considered to be a variable cost. Explain why many people are choosing to start e-commerce stores instead of more traditional businesses. II. Objective: Examine how businesses analyze their costs and revenues to maximize profits. Integrate and evaluate multiple sources of information presented in diverse formats […]

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          ——————– […]

I.  Bellwork Q&A Reading Check Page 129 Reading Check Page 130 II.  Objective: Examine how changes in labor affect output. – Theory of Production Construct a production function and identify the stages of production Evaluate various explanations for actions or events and determine which explanation best accords with textual evidence. III.   Discussion: Pages 127-130 Theory […]