{"id":16311,"date":"2018-10-29T00:05:29","date_gmt":"2018-10-29T04:05:29","guid":{"rendered":"http:\/\/iblog.dearbornschools.org\/farhoud\/?p=16311"},"modified":"2018-10-29T08:39:16","modified_gmt":"2018-10-29T12:39:16","slug":"ap-economics-10-29-18","status":"publish","type":"post","link":"https:\/\/iblog.dearbornschools.org\/farhoud\/2018\/10\/29\/ap-economics-10-29-18\/","title":{"rendered":"AP Economics &#8211; 10\/29\/18"},"content":{"rendered":"<p><b>I.\u00a0 Bellwork<\/b><\/p>\n<ul>\n<li><span style=\"font-weight: 400;\">Page 538 Free Response #2 a-d (show your work)<\/span><\/li>\n<\/ul>\n<p><b>II.\u00a0 Objectives<\/b><\/p>\n<ul>\n<li><span style=\"font-weight: 400;\">Perform Marginal Analysis<\/span><\/li>\n<li><span style=\"font-weight: 400;\">Determine the profit maximizing level of output using the optimal output rule<\/span><\/li>\n<li><span style=\"font-weight: 400;\">Analyze, interpret and construct economic models to solve problems and make decisions<\/span><\/li>\n<\/ul>\n<p>III.\u00a0\u00a0<b>Discussion: \u00a0Profit Maximization pgs. 539-542<\/b><\/p>\n<ul>\n<li><span style=\"font-weight: 400;\">Total Revenue = P x Q<\/span><\/li>\n<li><span style=\"font-weight: 400;\">Profit = TR &#8211; TC<\/span><\/li>\n<li><span style=\"font-weight: 400;\">Marginal Revenue = Chg in Total Revenue\/Chg Quantity<\/span><\/li>\n<li><span style=\"font-weight: 400;\">Marginal Cost= Chg in Total Cost \/Chg Quantity<\/span><\/li>\n<li><span style=\"font-weight: 400;\">Profit Maximizing Quantity of Output \u00a0occurs when MC = MR<\/span><\/li>\n<\/ul>\n<p style=\"padding-left: 60px;\"><a href=\"https:\/\/www.youtube.com\/watch?v=qaQRM6WIxpA\"><span style=\"font-weight: 400;\">Micro 3.7 MR = MC Practice<\/span><\/a><\/p>\n<p style=\"padding-left: 60px;\"><a href=\"https:\/\/www.youtube.com\/watch?v=ODQ5kJa-pVM.\"><span style=\"font-weight: 400;\">Micro Unit 3, Question 9 \u2013 Maximizing Profit<\/span><\/a><\/p>\n<p><strong>IV.\u00a0 Classwork <\/strong><\/p>\n<ul>\n<li><span style=\"font-weight: 400;\">Page 543 Check Your Understanding 1-2<\/span><\/li>\n<li><span style=\"font-weight: 400;\">Page 544 Free Response #2<\/span><\/li>\n<\/ul>\n<p><strong>V.\u00a0 Test Wednesday<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>I.\u00a0 Bellwork Page 538 Free Response #2 a-d (show your work) II.\u00a0 Objectives Perform Marginal Analysis Determine the profit maximizing level of output using the optimal output rule Analyze, interpret and construct economic models to solve problems and make decisions III.\u00a0\u00a0Discussion: \u00a0Profit Maximization pgs. 539-542 Total Revenue = P x Q Profit = TR &#8211; [&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-16311","post","type-post","status-publish","format-standard","hentry","category-ap-economics"],"_links":{"self":[{"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/posts\/16311","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=16311"}],"version-history":[{"count":0,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/posts\/16311\/revisions"}],"wp:attachment":[{"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/media?parent=16311"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/categories?post=16311"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/tags?post=16311"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}