{"id":17741,"date":"2019-10-14T00:10:15","date_gmt":"2019-10-14T04:10:15","guid":{"rendered":"https:\/\/iblog.dearbornschools.org\/farhoud\/?p=17741"},"modified":"2019-10-14T00:10:18","modified_gmt":"2019-10-14T04:10:18","slug":"ap-economics-10-14-19","status":"publish","type":"post","link":"https:\/\/iblog.dearbornschools.org\/farhoud\/2019\/10\/14\/ap-economics-10-14-19\/","title":{"rendered":"AP Economics &#8211; 10\/14\/19"},"content":{"rendered":"\n<p>I. \u00a0Bellwork   p. 546<\/p>\n\n\n\n<p>Explain the difference between the long run and the short run in economics. Provide examples.<\/p>\n\n\n\n<p>II. &nbsp; Objectives:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Discuss the importance of the firm\u2019s production function, the relationship between quantity of inputs and quantity of output<\/li><li>Explain why production is often subject to diminishing returns to inputs<\/li><li>Use data to construct production functions to determine optimal levels of production<\/li><\/ul>\n\n\n\n<p>III.&nbsp; Turn in All Homework &amp; Test Corrections<\/p>\n\n\n\n<p>IV.&nbsp; Discussion:&nbsp; Production Function Pgs 545-549<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Inputs \u2013 Fixed &amp; Variable<\/li><li>Long Run &amp; Short Run<\/li><li>Marginal Product = MPL = ChgQ\/ChgL<\/li><li><a href=\"https:\/\/www.youtube.com\/watch?v=xLSRMt-wWAM&amp;list=PLE70CA726102FB294&amp;index=4\">Law of Diminishing Marginal Returns<\/a><\/li><\/ul>\n\n\n\n<p>V.&nbsp; Classwork\/ Homework<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Pg 550 #1 &amp; MC 1-5<\/li><li>3.1 Production Function on iLearn<br><\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>I. \u00a0Bellwork p. 546 Explain the difference between the long run and the short run in economics. Provide examples. II. &nbsp; Objectives: 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 [&hellip;]<\/p>\n","protected":false},"author":176,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[95,1],"tags":[],"class_list":["post-17741","post","type-post","status-publish","format-standard","hentry","category-ap-micro-economics-f2019","category-class-news"],"_links":{"self":[{"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/posts\/17741","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=17741"}],"version-history":[{"count":1,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/posts\/17741\/revisions"}],"predecessor-version":[{"id":17742,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/posts\/17741\/revisions\/17742"}],"wp:attachment":[{"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/media?parent=17741"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/categories?post=17741"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/tags?post=17741"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}