{"id":17874,"date":"2019-10-25T00:23:47","date_gmt":"2019-10-25T04:23:47","guid":{"rendered":"https:\/\/iblog.dearbornschools.org\/farhoud\/?p=17874"},"modified":"2019-10-27T14:01:22","modified_gmt":"2019-10-27T18:01:22","slug":"economics-10-26-19","status":"publish","type":"post","link":"https:\/\/iblog.dearbornschools.org\/farhoud\/2019\/10\/25\/economics-10-26-19\/","title":{"rendered":"Economics &#8211; 10\/26\/19"},"content":{"rendered":"\n<p><strong>I.&nbsp; Bellwork: Q&amp;A<\/strong><\/p>\n\n\n\n<p>A. Provide an example of 3 fixed costs a business may have.<\/p>\n\n\n\n<p>B. Provide an example of 3 variable costs a business may have<\/p>\n\n\n\n<p>C. Explain the difference between fixed and variable costs..<\/p>\n\n\n\n<p><strong>II. Objectives<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Construct and analyze the production function and to determine profit maximizing level of output.<\/li><li>Determine the meaning and functions of words and phrases used to make economic decisions<\/li><li>Compute variable, fixed,&nbsp; total costs, and total profit<\/li><\/ul>\n\n\n\n<p><strong>II. Discussion<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Total Costs (TC) = Variable Costs + Fixed Costs<\/li><li>Total Revenue (TR) = Price * Quantity<\/li><li>Profit (Loss) = TR-TC<\/li><li>Break-Even Point<\/li><li><a href=\"https:\/\/www.youtube.com\/watch?v=BQvtnjWZ0ig\">Profit Maximization Level of Output<\/a> = (MR=MC)<\/li><\/ul>\n\n\n\n<p><strong>III.&nbsp; Classwork<\/strong><\/p>\n\n\n\n<div class=\"wp-block-file\"><a href=\"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-content\/uploads\/sites\/151\/2019\/10\/Production-Schedules-5-2-5-3-Activities.xls\">Production-Schedules-5-2-5-3-Activities (complete Sheet 1 &amp; 2)<\/a><a href=\"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-content\/uploads\/sites\/151\/2019\/10\/Production-Schedules-5-2-5-3-Activities.xls\" class=\"wp-block-file__button\" download>Download<\/a><\/div>\n\n\n\n<p><a href=\"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-content\/uploads\/sites\/151\/2014\/10\/Variable-and-Fixed-Cost.pdf\">\u00a0<\/a><strong>IV.  Homework on Google Classroom<\/strong> &#8211; Complete Schedule<br><\/p>\n","protected":false},"excerpt":{"rendered":"<p>I.&nbsp; Bellwork: Q&amp;A A. Provide an example of 3 fixed costs a business may have. B. Provide an example of 3 variable costs a business may have C. Explain the difference between fixed and variable costs.. II. Objectives Construct and analyze the production function and to determine profit maximizing level of output. Determine the meaning [&hellip;]<\/p>\n","protected":false},"author":176,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[94],"tags":[],"class_list":["post-17874","post","type-post","status-publish","format-standard","hentry","category-economics-f2019"],"_links":{"self":[{"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/posts\/17874","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=17874"}],"version-history":[{"count":2,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/posts\/17874\/revisions"}],"predecessor-version":[{"id":17886,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/posts\/17874\/revisions\/17886"}],"wp:attachment":[{"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/media?parent=17874"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/categories?post=17874"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/tags?post=17874"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}