I.  Bellwork  – Q&A A.   Who do you believe is impacted the most by rationing, suppliers or consumers?  Support your claim. B.   Present and provide support for the counter argument. II.  Objective Analyze how prices change through the interaction of buyers and sellers in a market including the role of supply, demand, equilibrium, shortages, and surpluses. Develop […]

I. Bellwork Is Uber’s Surge-Pricing an Example of High-Tech Gouging? 3-2-1 Strategy- After reading the article, write and complete the following statements: (Must use 5 or more words) Three things I discovered/learned: Two things I found interesting: One question I have about this topic: II.  Objective Analyze how prices send signals and provide incentives to […]

I.  Bellwork Sheet of paper with MLA Heading 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. Evaluate various explanations for actions or events and determine which explanation best accords […]

I.  Bellwork: A.  Economics Skills Lab Supply Questions & Answers Identify the natural resource that is the focus of the article. What is impacting the supply of this resource? Based upon your previous answer, what determinant of supply would this be classified as? Construct a supply graph to illustrate this change in supply and explain […]

I.  Bellwork: Questions & Answers A.  Figure 5.6 Page 134 At what number of products is the break-even point in on the table achieved? Estimate a range. At what number of workers is the profit-maximization level achieved on the table and explain why this choice is correct. Explain the advantages e-commerce stores have over traditional […]

I.  Bellwork: Chapter 5 Enrichment(1-5 Q&A) II.  Objective: Calculate production schedules and examine how businesses analyze their costs and revenues to maximize profits. Integrate and evaluate multiple sources of information presented in diverse formats and media in order to address a question or solve a problem. III. Discussion: Cost/Revenue/Profit Maximization Pages 132-137  How Nintendo loses […]

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 schedule […]

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: Examine how changes in labor affect output. – Theory of Production Construct a production function and identify the stages of production Evaluate various […]

I.  Bellwork: A.  Illustrate each of the following by constructing a simple supply curve graph: an increase in quantity supplied a decrease in supply an increase in supply a decrease in quantity supplied II.  Objective Identify how changes in labor result in changes in output. – Theory of Production Evaluate various explanations for actions or […]

I.  Bellwork: A.  Explain and illustrate with simple graphs how a change in quantity supply is similar to a change is quantity demand. B.  Explain and illustrate with simple graphs how a change in supply is similar to a change in demand. II.  Objective: Utilize supply schedules to express supply graphically and analyze how the […]