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 Review Chapter 5 – Supply III.  Classwork Chapter-5-Review1 Chapter 5-1 iLearn Quiz Review Reteaching Chapter 5 IV.  Chapter 5 Test Friday (tomorrow)

I.  Bellwork: Production Schedule & Function Quiz II. Objective: Examine how businesses analyze their costs and revenues to maximize profits. III. Discussion: Cost/Revenue/Profit Maximization Pages 132-137 IV. Notebook work A.  For each industry/business featured in the video (3), explain what threatened their profits , how they responded to the challenge, and what was the outcome. […]

I.  Bellwork Examining the Profile p.131 #1-2 Q&A II. Objective Determine how businesses analyze their costs and revenues to maximize profits. III.  Classwork:  Page 137 #1-7 Q&A IV.  Production Schedule & Function Quiz V.  Chapter 5 Test Friday

I.  Bellwork Q&A Why is the use of the production function important in business? Explain what is occurring to marginal product during each of the stages (1-3) of the production function. II. Objective Examine how changes in labor affect output. – Theory of Production III.  Classwork A.  Production Schedule Graphing (1st example stays in notebook) […]

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 IV.  Classwork A. 5-2 Guided Reading B.  Page 130 #2, 4-6 Q&A V.  […]

I.  Bellwork: Economics Chapter 5 – Writing Prompt (Organization & Ideas) Describe a product with which you are familiar. (1 paragraph) Select any two of the following determinants that change supply and describe in detail, with examples, how the supply of the product is affected. (1 paragraph each = 2 paragraphs) Cost of Resources Productivity […]

I. Bellwork Q&A Draw and label a graph which illustrates an increase in quantity supply. Provide three detailed examples of determinants that can cause the supply curve to shift to the left. What determines if supply is inelastic or elastic? II. Objective Express supply graphically and analyze how the Law of Supply is represented III. […]

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 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? II. Objective Define Supply, identify changes in quantity supplied and factors that cause a change in supply. III. Classwork A. 5-1 Guided Reading B.  Page 115 Content […]

I.  Bellwork Pages 114-115 Q &A 1.      Why is the IMF concerned about oil prices? 2.      List 4 effects of higher oil prices. II.  Objective: Examine the shortcomings of a capitalist society and identify areas where improvements can be made. III.  Turn in Notebooks IV.  Classwork Video Capitalism:  A Love Story Capitalism-A love story