{"id":12976,"date":"2016-10-24T00:13:17","date_gmt":"2016-10-24T04:13:17","guid":{"rendered":"http:\/\/iblog.dearbornschools.org\/farhoud\/?p=12976"},"modified":"2016-10-24T00:13:17","modified_gmt":"2016-10-24T04:13:17","slug":"economics-102416","status":"publish","type":"post","link":"https:\/\/iblog.dearbornschools.org\/farhoud\/2016\/10\/24\/economics-102416\/","title":{"rendered":"Economics &#8211; 10\/24\/16"},"content":{"rendered":"<p>I.\u00a0 <strong>Bellwork:<\/strong><\/p>\n<p>A.\u00a0 Fareed sells falafel sandwiches. He charges $4.00 a sandwich and usually sells 100 a day. He recently decided to increase the price of a sandwich to $4.80 and is currently selling 75 sandwiches a day. Use the total revenue test to determine if his falafel sandwiches are elastic or inelastic. <strong>Show your work.<\/strong><\/p>\n<p>B.\u00a0 Based upon your answer, what market conditions may exist that would support your findings.<\/p>\n<p><strong>II.\u00a0 Objective:<\/strong><\/p>\n<ul>\n<li>Examine the importance of entrepreneurs in a market economy as they attempt to obtain capital and financing to support their endeavors.<\/li>\n<li>Demonstrate understanding of\u00a0 visual information by restating, paraphrasing, summarizing, critiquing the entrepreneurs products and the deals offered by investors on Shark Tank.<\/li>\n<\/ul>\n<p><a href=\"https:\/\/www.flashcardmachine.com\/machine\/?read_only=3090302&amp;p=2m4k\">III<strong>.\u00a0 Demand Curve Flash Cards<\/strong><\/a><\/p>\n<p><a href=\"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-content\/uploads\/sites\/151\/2013\/03\/Chapter-4-Review1.pdf\"> IV.\u00a0 Chapter-4-Review<\/a>\u2013 Due Tuesday <strong>for Summative points<\/strong><\/p>\n<p><strong> V.\u00a0 Tuesday Chapter 4 Exam \u2013 2 Parts<\/strong><\/p>\n<ul>\n<li><strong>Constructive response<\/strong><\/li>\n<li><strong>Selective Response<\/strong><\/li>\n<\/ul>\n<p><strong>VI.\u00a0 Classwork:\u00a0 Anyone playing with their phone or being disruptive will receive a zero<br \/>\n<\/strong><\/p>\n<p>Click Link:\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<a href=\"https:\/\/abc.go.com\/shows\/shark-tank\/episode-guide\/season-08\/4-episode-4\">\u00a0 Shark Tank Season 8 Ep 6<\/a><\/p>\n<p><a href=\"https:\/\/www.youtube.com\/watch?v=8myvcZqN3nQ\">https:\/\/www.youtube.com\/watch?v=8myvcZqN3nQ<\/a><\/p>\n<p><strong><u>Write down the questions below<\/u><\/strong><strong>.\u00a0 <\/strong>Answer <strong>the questions for <u>each<\/u><\/strong> entrepreneur and turn them in today.<\/p>\n<ol>\n<li>What is the product\/service or idea?<\/li>\n<li>What is the entrepreneur asking for and what are they willing to give up?<\/li>\n<li>What decision was made?<\/li>\n<li><strong><u>Explain<\/u><\/strong> your opinion on the product and deal that was or wasn\u2019t made. <strong><u>1-2 sentences<\/u><\/strong><\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"<p>I.\u00a0 Bellwork: A.\u00a0 Fareed sells falafel sandwiches. He charges $4.00 a sandwich and usually sells 100 a day. He recently decided to increase the price of a sandwich to $4.80 and is currently selling 75 sandwiches a day. Use the total revenue test to determine if his falafel sandwiches are elastic or inelastic. Show your [&hellip;]<\/p>\n","protected":false},"author":176,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[78],"tags":[],"class_list":["post-12976","post","type-post","status-publish","format-standard","hentry","category-economic-f2016"],"_links":{"self":[{"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/posts\/12976","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/comments?post=12976"}],"version-history":[{"count":0,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/posts\/12976\/revisions"}],"wp:attachment":[{"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/media?parent=12976"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/categories?post=12976"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/tags?post=12976"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}