I.  Bellwork P130 #5 & #6 II. Objective Determine how businesses analyze their costs and revenues to maximize profits. III. Discussion and Notebook work:  Flow Map – Stages of Production Multi-Flow Map – Stage 3 of the Production Function Brace Map – Costs – Fixed and Variable IV.  Classwork:  P. 132 Vocabulary (13) Page 137 #2-7 […]

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 […]

I.  Bellwork: Page 126 A.  Analyzing the Impact 1-2 Q&A B.  What year did ethanol production decrease? –See Graph II. Objective Examine how changes in labor result in changes in output. – Theory of Production III.  Discussion: Pages 127-130 Theory of Production Figure 5.5 Graphs in Motion EPP_p128 IV.  Classwork A. 5-2 Guided Reading V.  […]

I.  Bellwork: List and Explain 4 reasons why the supply curve would shift to the right. List and Explain 4 reasons why the supply curve would shift to the left. II. Objective Express supply graphically and analyze how the Law of Supply is represented III. Discussion:    A.  Individual and market Supply Curves: EPP_p119 B.  […]

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.  Video – Economics USA Supply What are some reasons there was a lack of U.S. oil producers? What incentive caused U.S. oil producers to begin seeking new oil reserves? What […]

I. Bellwork Q&A A.  Pg 117 – Companies in the News 1.  What created a shortage of the flu vaccine? 2.  How did the market respond to the shortage? 3. What is the current availability of the vaccine? II. Objective Define Supply, identify changes in quantity supplied and factors that cause a change in supply. […]

I.  Bellwork: Q&A  Page 115 Analyzing the Issue 1-2 How much more oil did the United States consume that China in 2005? II.  Objective: Examine the importance of entrepreneurs in a market economy as they attempt to obtain capital and financing. III.   Classwork- Shark Tank A.  Q&A  Write down these questions to answer for […]

I.  Bellwork: Page 113 Math Practice #29 a & b (Write questions and answers for b) II.  Objective: Chapter 4 Assessment on Demand III. Notebook Work Page 113 #26 Reteaching Activity 4 IV. Classwork: Chapter 4 Exam

I.  Bellwork: A. Page 110 Analyzing the Impact-iPod 1-2 Q&A B. Based on the chart, what percentage of MP3 player market share does iPod have? II.  Objective: Review Chapter 4:   Demand, change in quantity demand, change in demand, its determinants, & Elasticity III.  Classwork: Demand-Shift-Worksheet Quiz Question Review Chapter 4 Review Econ IV.  Chapter 4 […]

I.  Bellwork Q&A: List the 3 determinants of demand elasticity Provide an example of an inelastic product II.  Objective: Identify factors that influence the size of a change in the quantity demanded (elasticity). III.  Discussion Short video on Demand Elasticity IV. Notebook- Tree Map: Elasticity Elasticity Classifying V.  Classwork:   Page 112 Review Content Vocabulary 1-10 […]