{"id":16623,"date":"2018-12-10T01:01:26","date_gmt":"2018-12-10T06:01:26","guid":{"rendered":"http:\/\/iblog.dearbornschools.org\/farhoud\/?p=16623"},"modified":"2018-12-10T01:11:10","modified_gmt":"2018-12-10T06:11:10","slug":"ap-economics-12-10-18","status":"publish","type":"post","link":"https:\/\/iblog.dearbornschools.org\/farhoud\/2018\/12\/10\/ap-economics-12-10-18\/","title":{"rendered":"AP Economics &#8211; 12\/10\/18"},"content":{"rendered":"<p><strong>I.\u00a0 Bellwork<\/strong><\/p>\n<ul>\n<li><span style=\"font-weight: 400;\">List the four factors of production and provide an example for each <\/span><\/li>\n<\/ul>\n<p><strong>II.\u00a0 Objectives<\/strong><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Describe features that make markets for factors of production\u2014resources like land, labor, and capital\u2014different from goods markets<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Explain how factor markets determine the factor distribution of income<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Discuss how the demand for a factor of production is determined<\/span><\/li>\n<\/ul>\n<p><strong>III. \u00a0Introduction and factor Demand pages 688-696<\/strong><\/p>\n<p><span style=\"font-weight: 400;\">A.\u00a0 The Economy\u2019s Factors of Production<\/span><\/p>\n<ol>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The Factors of Production<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Why Factor Prices Matter: The Allocation of Resources<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Factor Incomes and the Distribution of Income<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The Factor Distribution of Income in the United States<\/span><\/li>\n<\/ol>\n<p><span style=\"font-weight: 400;\">B.\u00a0 Marginal Productivity and Factor Demand<\/span><\/p>\n<ol>\n<li><span style=\"font-weight: 400;\"> Value of the Marginal Product<\/span><\/li>\n<li><span style=\"font-weight: 400;\"> Value of the Marginal Product and Factor Demand<\/span><\/li>\n<li><span style=\"font-weight: 400;\"> Shifts of the Factor Demand Curve<\/span><\/li>\n<\/ol>\n<p><span style=\"font-weight: 400;\">IV.\u00a0 \u00a0Notebook work<\/span><\/p>\n<p><a href=\"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-content\/uploads\/sites\/151\/2018\/12\/Module-69.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-16624\" src=\"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-content\/uploads\/sites\/151\/2018\/12\/Module-69.png\" alt=\"\" width=\"279\" height=\"248\" \/><\/a><\/p>\n<p><span style=\"font-weight: 400;\">A. Add a column and determine marginal product<\/span><\/p>\n<p><span style=\"font-weight: 400;\">B.\u00a0 Add a column to the table and compute VMPL. Suppose the price of lemonade is $2 per cup. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">C.\u00a0 If the wage of a lemonade stand worker is $8, how many units of labor will be hired?<\/span><\/p>\n<p><span style=\"font-weight: 400;\">V.\u00a0 Classwork<\/span><\/p>\n<p><a href=\"https:\/\/www.youtube.com\/watch?v=vyVlCDrOE6w\"><span style=\"font-weight: 400;\">Micro Unit 5, Question 8- Hiring Workers<\/span><\/a><\/p>\n<ol>\n<li><span style=\"font-weight: 400;\">Worksheet 69.2: Hiring Workers<\/span><\/li>\n<li><span style=\"font-weight: 400;\">Worksheet 69.3: Value of the Marginal Product<\/span><\/li>\n<\/ol>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>I.\u00a0 Bellwork List the four factors of production and provide an example for each II.\u00a0 Objectives Describe features that make markets for factors of production\u2014resources like land, labor, and capital\u2014different from goods markets Explain how factor markets determine the factor distribution of income Discuss how the demand for a factor of production is determined III. [&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-16623","post","type-post","status-publish","format-standard","hentry","category-ap-economics"],"_links":{"self":[{"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/posts\/16623","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=16623"}],"version-history":[{"count":0,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/posts\/16623\/revisions"}],"wp:attachment":[{"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/media?parent=16623"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/categories?post=16623"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/tags?post=16623"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}