Author Archive
Economics – 10/26/19
I. Bellwork: Q&A A. Provide an example of 3 fixed costs a business may have. B. Provide an example of 3 variable costs a business may have C. Explain the difference between fixed and variable costs.. II. Objectives Construct and analyze the production function and to determine profit maximizing level of output. Determine the meaning […]
Accounting – 10/25/19
I. Objectives Utilize the proper procedures to record transactions in the general ledger Demonstrate the proper application of accounting terminology and concepts Explain the proper technique in opening an account II. Chapter 4 Test MC on iLearn Application on MindTap
Accounting – 10/24/19
I. Bellwork Using the General Ledger provided identify the amount of the balance and whether it is a debit or credit for the questions below What will be the balance in the Cash account on Feb 1? What will be the balance in the Cash account on Feb 3? What will be the balance in […]
Economics – 10/24/19
I. Bellwork: Frayer Diagram Choose one: Fixed Cost or Variable Cost II Objectives: Determine how businesses analyze their costs and revenues to maximize profits. Determine the meaning of words and phrases by constructing a brace map to categorize and differentiate costs. III. Discussion/Notebook: How Nintendo loses money on every Wii U Variable Costs Construct a […]
AP Economics – 10/24/19
I. Bellwork Page 543 Tackle the Test 1-5 II. Objectives: Explain the meaning and dimension of market structure Describe the four principal types of market structures Analyze and interpret economic models relating to MC, ATC, and MR to determine profit maximization and industry entry and exit by firms. III. Something that will be coming up: […]
Accounting – 10/23/19
I. Bellwork Page 113 Q&A 1-4 II Objectives analyze and interpret financial transactions recording them in a general journal and maintain ledger balances apply multi-step procedures based on explanations in the text to record and post financial transactions. III. Classwork: 4M Mastery Problem p. 117 on MindTap IV. Ledger Balance Quiz V. […]
AP Economics – 10/23/19
I. Bellwork Page 538 Free Response #2 a-d (show your work) II. Objectives Perform Marginal Analysis Determine the profit maximizing level of output using the optimal output rule Analyze, interpret and construct economic models to solve problems and make decisions III. Discussion: Profit Maximization pgs. 539-542 Total Revenue = P x Q Profit = TR – […]
Economics – 10/23/19
I. Bellwork – Explain what occurs to total product and marginal product at each stage. – Copy the table TOTAL PRODUCT MARGINAL PRODUCT STAGE 1 STAGE 2 STAGE 3 II. Objective: Construct a production function and identify the stages of production Create and interpret economic models based upon production data in order to form […]
AP Economics – 10/22/19
I. Bellwork Page 570-571 Tackle the Test 1-5 & FRQ #2 II. Objectives: Explain the difference between explicit and implicit costs and there importance in decision making Describe the different types of profit: accounting , economic, and normal Calculate profit III. Discussion Defining Profit p 533-536 Micro 3.7 Economic Profit and Costs Formula for Profit Differentiate […]
Economics – 10/22/19
I. Bellwork A Copy the table and complete the Marginal Product & Stage of Production Columns (No graph – just the table) Number of Workers Total Product Marginal Product Stage of Production 0 0 1 4 2 12 3 22 4 34 5 38 6 40 7 36 8 30 II. Objective Complete a production […]