{"id":16419,"date":"2018-11-13T00:48:51","date_gmt":"2018-11-13T05:48:51","guid":{"rendered":"http:\/\/iblog.dearbornschools.org\/farhoud\/?p=16419"},"modified":"2018-11-13T00:54:30","modified_gmt":"2018-11-13T05:54:30","slug":"ap-economics-11-13-18","status":"publish","type":"post","link":"https:\/\/iblog.dearbornschools.org\/farhoud\/2018\/11\/13\/ap-economics-11-13-18\/","title":{"rendered":"AP Economics &#8211; 11\/13\/18"},"content":{"rendered":"<p><strong>I.\u00a0 Bellwork<\/strong><\/p>\n<ul>\n<li>On Learn \u00a0\u00a061.1 &#8211;<a href=\"https:\/\/www.youtube.com\/watch?v=rtwJOu0KWDk\">Monopoly Demand and MR<\/a><\/li>\n<\/ul>\n<p><strong>II.\u00a0 Objectives:<\/strong><\/p>\n<ul>\n<li>Identify the profit maximizing price and quantity for a monopoly<\/li>\n<li>Determine whether a monopoly is making a profit or loss<\/li>\n<li>Construct, analyze, and interpret economic models for a monopoly<\/li>\n<\/ul>\n<p>III.\u00a0 Discussion<\/p>\n<ul>\n<li>Demand Curve for a Monopoly Figure 61.1<\/li>\n<li>MR &lt; P (to sell additional units price must be lowered)<\/li>\n<li>Table 61.1 Page 616 \u00a0(Explain what occurs to increase demand from 11 to 12<\/li>\n<li>Price Effect and Quantity Effect P 615 &amp; 617<\/li>\n<li>On low levels of product &#8211; decrease prices very little to sell products<\/li>\n<li>On high levels of production &#8211; necessary to decrease prices more to sell<\/li>\n<li>Figure 61.3<\/li>\n<li>MC=ATC<\/li>\n<li>MR=MC Profit Maximization level of output<\/li>\n<li>Profit = TR-TC<\/li>\n<li><a href=\"https:\/\/www.youtube.com\/watch?v=ZiuBWSFlfoU\">\u201cMicro 4.2 Monopoly Graph Review and Practice<\/a><\/li>\n<\/ul>\n<p>IV.\u00a0 Homework on iLearn<\/p>\n<ul>\n<li>4.1 Monopoly Practice<\/li>\n<li>61.2<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>I.\u00a0 Bellwork On Learn \u00a0\u00a061.1 &#8211;Monopoly Demand and MR II.\u00a0 Objectives: Identify the profit maximizing price and quantity for a monopoly Determine whether a monopoly is making a profit or loss Construct, analyze, and interpret economic models for a monopoly III.\u00a0 Discussion Demand Curve for a Monopoly Figure 61.1 MR &lt; P (to sell additional [&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-16419","post","type-post","status-publish","format-standard","hentry","category-ap-economics"],"_links":{"self":[{"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/posts\/16419","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=16419"}],"version-history":[{"count":0,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/posts\/16419\/revisions"}],"wp:attachment":[{"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/media?parent=16419"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/categories?post=16419"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/tags?post=16419"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}