{"id":16232,"date":"2018-10-17T21:54:14","date_gmt":"2018-10-18T01:54:14","guid":{"rendered":"http:\/\/iblog.dearbornschools.org\/farhoud\/?p=16232"},"modified":"2018-10-17T23:10:28","modified_gmt":"2018-10-18T03:10:28","slug":"ap-economics-10-18-18","status":"publish","type":"post","link":"https:\/\/iblog.dearbornschools.org\/farhoud\/2018\/10\/17\/ap-economics-10-18-18\/","title":{"rendered":"AP Economics &#8211; 10\/18\/18"},"content":{"rendered":"<p><strong>I.\u00a0 Bellwork<\/strong><\/p>\n<ul>\n<li>Graphing &#8211; Section 9 Test<\/li>\n<\/ul>\n<p><strong>II.\u00a0 \u00a0Objectives:<\/strong><\/p>\n<ul>\n<li>Discuss the importance of the firm\u2019s <b>production function<\/b>, the relationship between quantity of inputs and quantity of output<\/li>\n<li>Explain why production is often subject to <b>diminishing returns to inputs<\/b><\/li>\n<li>Use data to construct production functions to determine optimal levels of production<\/li>\n<\/ul>\n<p><strong>III.\u00a0 Discussion:\u00a0 Production Function Pgs 545-549<\/strong><\/p>\n<ul>\n<li>Inputs &#8211; Fixed &amp; Variable<\/li>\n<li>Long Run &amp; Short Run<\/li>\n<li>Marginal Product = MPL = ChgQ\/ChgL<\/li>\n<li><a href=\"https:\/\/www.youtube.com\/watch?v=xLSRMt-wWAM&amp;list=PLE70CA726102FB294&amp;index=4\">Law of Diminishing Marginal Returns<\/a><\/li>\n<\/ul>\n<p><strong>IV.\u00a0 \u00a0Homework<\/strong><\/p>\n<p>3.1 Production Function on iLearn<\/p>\n","protected":false},"excerpt":{"rendered":"<p>I.\u00a0 Bellwork Graphing &#8211; Section 9 Test II.\u00a0 \u00a0Objectives: Discuss the importance of the firm\u2019s production function, the relationship between quantity of inputs and quantity of output Explain why production is often subject to diminishing returns to inputs Use data to construct production functions to determine optimal levels of production III.\u00a0 Discussion:\u00a0 Production Function Pgs [&hellip;]<\/p>\n","protected":false},"author":176,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[89],"tags":[],"class_list":["post-16232","post","type-post","status-publish","format-standard","hentry","category-ap-economics"],"_links":{"self":[{"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/posts\/16232","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=16232"}],"version-history":[{"count":0,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/posts\/16232\/revisions"}],"wp:attachment":[{"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/media?parent=16232"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/categories?post=16232"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/tags?post=16232"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}