Economics W2017

Economics – 6/02/17

I.  Bellwork  – Q&A   Who do you believe is impacted the most by rationing, suppliers or consumers?  Support your claim.   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 claim(s) and counterclaims […]

Economics – 6/01/17

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 […]

Economics – 5/31/17

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 […]

Economics – 5/30/17

I.  Bellwork Page 141- #37a, b, c  Answers only II.  Objectives Review and discuss changes in quantity supply, supply, the production function and use marginal analysis to make economic decisions. Analyze and make inferences related to supply based upon the information provided in the article III.   Chapter 5 Test Tomorrow IV.  Classwork A.  Economics Skills […]

Economics – 5/25/17

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-maximization level achieved on the table and explain why this choice is correct. Explain the advantages e-commerce stores have over traditional stores? […]

Economics – 5/24/2017

I.  Bellwork: Page 141- #34 Draw the diagrams & answer what happens to supply II.  Objectives: Evaluate various explanations for actions or events and determine which explanation best accords with textual evidence, Review and discuss changes in quantity supply, supply, the production function and use marginal analysis to make economic decisions. III. Discussion Reteaching Chapter 5 […]

Economics – 5/23/17

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 […]

Economics – 5/22/17

I.  Bellwork: Chapter 5 Enrichment (1-5 Q&A) 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.   Notebook Check tomorrow IV.  Discussion: Pages 127-130 Theory […]

Economics – 5/19/17

I.  Bellwork For each stage below explain how Total Product and Marginal Product are impacted.                                      Total Product             Marginal Product Stage 1 Stage 2 Stage 3   II.  Objective Complete a production schedule and graph a production function determining marginal product and identifying the various stages of production Determine how businesses analyze their costs and […]

Economics – 5/18/17

 I.  Bellwork: A.  Illustrate each of the following by constructing a simple supply curve graph with arrows: 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 […]

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