I. Bellwork List 5 goods or services you have recently purchased. Identify how price may have influenced your decision regarding the items you have bought? II. Objective Analyze how prices send signals and provide incentives to buyers and sellers in a competitive market. III. Video – Rationing RESA IV. Classwork Page  143 Content Vocabulary (4) […]

I.  Bellwork Page 140 Vocabulary 1-12 Letter & Word II. Objective Test – Chapter 5 – Supply III.  Classwork Chapter 5 Exam

I.  Bellwork Q&A Page 141- #34 & #37 II. Objective Review Chapter 5 – Supply III.  Classwork – A. Create Multiple Choice Questions Each question must have choices A-D and the correct answer circled. 1.  P. 118 Figure 5.1 – Create 2 2.  P. 120 Figure 5.3 – Create 2 3.  Pgs 121-123 – Create […]

I.  Bellwork Q&A 1.      Provide 2 examples of fixed costs 2.      Provide 2 examples of variable costs 3.      Explain the difference between total costs and marginal costs. II. Objective Examine how businesses analyze their costs and revenues to maximize profits. III. Turn in Homework IV. Classwork A.  For each business featured in the video (3), […]

I.  Bellwork Examining the Profile p.131 #1-2 Q&A II. Objective Discuss how businesses analyze their costs and revenues to maximize profits. III.  Classwork Page 137 #1-7 Q&A IV.  Discussion: Cost/Revenue/Profit Maximization Pages 132-137 V.  Chapter 5 Test Friday VI.  Homework:  Reteaching Chapter 5

I.  Bellwork Page 130 #4-5 Q&A II. Objective Examine how changes in labor affect output. – Theory of Production III.  Classwork A.  Production Schedule Graphing Production Schedules 5-2 B.  Create 10 Multiple Choice Questions from Section 5-1 & 5-2

I.  Bellwork: Graph and Label Supply Schedule Tons of Peaches Produced per Day Price per Pound Tons of Peaches Produced 0.11 20 0.12 24 0.13 30 0.14 36 0.15 44 0.16 52 0.17 60 II. Objective Examine how changes in labor result in changes in output. – Theory of Production III.  Classwork A. 5-2 Guided […]

I.  Bellwork: Page 126 A.  Analyzing the Impact 1-2 Q&A B.  What year did ethanol production decrease? –See Graph II. Objective Express supply graphically and analyze how the Law of Supply is represented III.  Video – Economics USA Supply IV.  Classwork A.  Plotting Supply Curves & Changes in Supply 1. Exercise 1 Supply Curve 2.  […]

I.  Bellwork Economic Analysis Page 118, 119 & 120 Q&A II. Objective Express supply graphically and analyze how the Law of Supply is represented III. Chapter 5 Section 1 Discussion IV.  Video – Economics USA Supply V.  Classwork A.  Plotting Supply Curves & Changes in Supply 1. Exercise 1 Supply Curve VI.  Online Quiz-iLearn Section […]

I.  Bellwork: Page 113 Math Practice 29 a & b II.  Objective: Chapter 4 Assessment III.  Turn in Page 112 Chapter Review Activities IV.  Notebook Work Page 113 #26 Draw Graphs and label the Changes V.  Classwork: Chapter 4 Exam