{"id":17957,"date":"2019-11-06T21:40:31","date_gmt":"2019-11-07T02:40:31","guid":{"rendered":"https:\/\/iblog.dearbornschools.org\/farhoud\/?p=17957"},"modified":"2019-11-07T09:16:00","modified_gmt":"2019-11-07T14:16:00","slug":"ap-economics-11-07-19","status":"publish","type":"post","link":"https:\/\/iblog.dearbornschools.org\/farhoud\/2019\/11\/06\/ap-economics-11-07-19\/","title":{"rendered":"AP Economics &#8211; 11\/07\/19"},"content":{"rendered":"\n<p>I.&nbsp; Bellwork:  on iLearn Module 61 Folder<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li> &nbsp; 61.1 \u2013<a href=\"https:\/\/www.youtube.com\/watch?v=rtwJOu0KWDk\">Monopoly Demand and MR<\/a><\/li><\/ul>\n\n\n\n<p>II.&nbsp; Objectives:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Identify the profit maximizing price and quantity for a monopoly<\/li><li>Determine whether a monopoly is making a profit or loss<\/li><li>Construct, analyze, and interpret economic models for a monopoly<\/li><\/ul>\n\n\n\n<p>III.&nbsp; Discussion<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Demand Curve for a Monopoly Figure 61.1<\/li><li>MR &lt; P (to sell additional units price must be lowered)<\/li><li>Table 61.1 Page 616\u00a0 (Explain what occurs to increase demand from 11 to 12<\/li><li>Price Effect and Quantity Effect P 615 &amp; 617<\/li><li>On low levels of product \u2013 decrease prices very little to sell products<\/li><li>On high levels of production \u2013 necessary to decrease prices more to sell<\/li><li>Figure 61.3<\/li><li>MC=ATC<\/li><li>MR=MC Profit Maximization level of output<\/li><li>Profit = TR-TC<\/li><li><a href=\"https:\/\/www.youtube.com\/watch?v=ZiuBWSFlfoU\">\u201cMicro 4.2 Monopoly Graph Review and Practice<\/a><\/li><li><a href=\"https:\/\/www.youtube.com\/watch?v=0GA_QBUXUbw\">Profit Maximization, Revenue Maximization and PED in Pure Monopoly<\/a><\/li><\/ul>\n\n\n\n<p>IV.&nbsp; Homework on iLearn Module 61 Folder<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>4.1 Monopoly Practice<\/li><li>61.2<\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>I.&nbsp; Bellwork: on iLearn Module 61 Folder &nbsp; 61.1 \u2013Monopoly Demand and MR II.&nbsp; 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.&nbsp; Discussion Demand Curve for a Monopoly Figure 61.1 MR &lt; [&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],"tags":[],"class_list":["post-17957","post","type-post","status-publish","format-standard","hentry","category-ap-micro-economics-f2019"],"_links":{"self":[{"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/posts\/17957","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=17957"}],"version-history":[{"count":1,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/posts\/17957\/revisions"}],"predecessor-version":[{"id":17964,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/posts\/17957\/revisions\/17964"}],"wp:attachment":[{"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/media?parent=17957"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/categories?post=17957"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/tags?post=17957"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}