I.  Bellwork  – Claim /Evidence/Reasoning A.   Who do you believe is impacted the most by rationing, producers or consumers? State your claim, provide evidence, and reasoning. II.  Objectives 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 claim(s) […]

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 buyers […]

I. Bellwork A. Turn in Review Sheet B. MLA heading on a separate sheet of paper II.  Objectives: Apply concepts and terminology involving supply and quantity supply Perform marginal and cost analysis to determine profit, profit-maximization, and the break-even point of production. III.  Chapter 5 Exam Part 1- Constructive Response Part 2 – Selected Response

  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 what […]

I.  Bellwork:  Figure 5.6 Page 134  Questions & Answers 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-maximizing level of output achieved on the table and explain why this choice is correct. Explain the advantages e-commerce stores have over traditional […]

I.  Bellwork: Review learning plan on Google Classroom 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 Brace Map – […]

 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 […]

I.  Bellwork – Explain what occurs to total product and marginal product at each stage. – Copy the table Negative, Increasing, & Diminishing,   TOTAL PRODUCT MARGINAL PRODUCT STAGE 1 STAGE 2 STAGE 3 II.  Objective: Construct a production function and identify the stages of production Using production function data evaluate various explanations for actions […]

  I.  Bellwork:  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 […]

I.   Bellwork Draw a supply graph which illustrates a change in  quantity supply Draw a supply graph which illustrates a decrease in supply  II.  Objective Define Supply; identify changes in quantity supplied and factors that cause a change in supply. Analyze various scenarios and determine the impact on supply or quantity supply III. Retake today […]