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 […]

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 Through the […]

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: Explain and illustrate with simple graphs how a change in quantity supply is similar to a change is quantity demand. 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 Law of […]

I.  Bellwork Q&A List and explain in detail 2 situations which would cause the supply curve to shift to the left. List and explain in detail 2 situations which would cause the supply curve to shift to the right. II.  Objective Utilize supply schedules to express supply graphically and analyze how the Law of Supply is represented. […]

 I.  Bellwork Q&A A.  Pg 117 – Companies in the News What created a shortage of the flu vaccine? How did the market respond to the shortage?  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. Construct thinking maps […]

I.  Bellwork: My Learning Goals – Complete and turn in II.  Objectives: Complete Chapter 4 assessment by applying concepts and principles which focus on distinguishing between a change in quantity demand and a change in demand while identifying the determinants which impact each. Identify situations where demand is elastic and inelastic applying by the elasticity […]

I.  Bellwork Hussam regularly sells 100 hot dogs each day for $1.75 each.  This week he raised the price to $2.25 and managed to sell 80 hot dogs.  Using the total expenditure test, explain if the demand for his hot dogs are elastic or inelastic. II.  Objective: Examine the importance of entrepreneurs in a market […]

I.  Bellwork: Page 113 Math Practice #29 a & b (Write questions and answers for b) II.  Objective: Identify and analyze factors that influence demand elasticity. Distinguish between a change in quantity demand and demand identifying the situations which impact each. III.  Classwork Kahoot Review Demand and Elasticity Worksheet 2nd & 3rd Page Page 109 […]