I. Bellwork List 3 goods or services you have recently purchased. For each, explain how price may have influenced your decision regarding the items you purchased. II. Objective Analyze how prices send signals and provide incentives to buyers and sellers in a competitive market. III.    Discussion: Prices as Signal Pages 142-146 Videos –  Rationing […]

 I.  Bellwork Q&A A. Chapter 5 Enrichment 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. III.  Turn in Reteaching Chapter 5 IV. Economics – Content Vocabulary Activities– V.  Chapter […]

I.  Bellwork: Page 141- #34 Draw diagrams & answer Page 141- #37  Answer only 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. III. Section 5-3 Quiz Production Schedule with Profit […]

I.  Bellwork: A. Section 5-3 Q&A Explain why electricity is considered to be a variable cost. Explain why many people are choosing to start e-commerce stores instead of more traditional businesses. II. Objective: Examine how businesses analyze their costs and revenues to maximize profits. Integrate and evaluate multiple sources of information presented in diverse formats […]

I.  Bellwork A  Identify what happens (increase/decrease) to Total Product and Marginal Product at each stage (1-3) of the production function Total Product                     Marginal Product Stage 1          ——————–                     —————— Stage 2          ——————–                     ——————— Stage 3          ——————–   […]

I.  Bellwork Reading Check Page 129 Reading Check Page 130 II.  Objective: Examine how changes in labor affect output. – Theory of Production Construct a production function and identify the stages of production Evaluate various explanations for actions or events and determine which explanation best accords with textual evidence. III.   Turn in 5-2 Guided Reading […]

I.  Bellwork: Page 126 Analyzing the Impact 1-2 Q&A What year did ethanol production decrease? –See Graph II. Objective Examine how changes in labor result in changes in output. – Theory of Production III. Notebook Check 4th & 5th hours-Today IV.  Supply Curve Quiz V.  Classwork A. 5-2 Guided Reading VI.   Discussion: Pages 127-130 Theory […]

I.  Bellwork: List and Explain, using examples, 2 examples why the supply curve would shift to the right. List and Explain, using examples, 2 examples why the supply curve would shift to the left. II. Objective Express supply graphically and analyze how the Law of Supply is represented on the supply curve. Utilize supply schedules […]

I. Bellwork Economic Analysis Page 118, 119 & 120 Q&A II. Objective Utilize supply schedules to express supply graphically and analyze how the Law of Supply is represented. Create and identify circumstances which lead to a change in quantity supply and a change in supply. Integrate and evaluate multiple sources of information presented in diverse […]

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. […]