{"id":9085,"date":"2013-03-20T16:33:12","date_gmt":"2013-03-20T20:33:12","guid":{"rendered":"http:\/\/blog.dearbornschools.org\/farhoua\/?p=9085"},"modified":"2013-03-20T16:33:12","modified_gmt":"2013-03-20T20:33:12","slug":"economics-32113","status":"publish","type":"post","link":"https:\/\/iblog.dearbornschools.org\/farhoud\/2013\/03\/20\/economics-32113\/","title":{"rendered":"Economics &#8211; 3\/21\/13"},"content":{"rendered":"<p><b>I.\u00a0 Bellwork<\/b><\/p>\n<p>Marco\u2019s subs sells 400 sub sandwiches a week at a price of $5.00 each.\u00a0 Marco soon raises the price to $5.50 and is able to sell 380 sub sandwiches for the week.<\/p>\n<p>A.\u00a0 Determine Marco\u2019s Total Revenue <b>before<\/b> and <b>after<\/b> the price change.<\/p>\n<p>B.\u00a0 Determine if demand is elastic or inelastic and <b>explain why<\/b>.<\/p>\n<p>C.\u00a0 Use the <b>elasticity formula<\/b> to determine the ratio.\u00a0 <b>(% Change in Quantity Demand\/% Change in Price)<\/b><\/p>\n<p><b>II. Objective:<\/b><\/p>\n<ul>\n<li>Examine the importance of entrepreneurs in a market economy as they attempt to obtain capital and financing to support their endeavors.<\/li>\n<li>Demonstrate understanding of written, spoken, or visual information by restating, paraphrasing, summarizing, critiquing, or composing a personal response.<\/li>\n<\/ul>\n<p><b>III.\u00a0\u00a0 <\/b><b>Mess up today and receive:<\/b><\/p>\n<ul>\n<li>A zero on today\u2019s work<\/li>\n<li>A detention next Thursday<\/li>\n<\/ul>\n<p><b>\u00a0IV..<\/b>\u00a0 <b>\u00a0Classwork-Shark Tank-After you write down the question below click on the link:\u00a0 <a href=\"https:\/\/abc.go.com\/watch\/shark-tank\/SH559076\/VDKA0_2naeq9in\/week-19\" target=\"_blank\">Shark Tank <b>We<b>ek <\/b>19<\/b><\/a><br \/>\n<\/b><\/p>\n<p>A.\u00a0 Write down these <span style=\"text-decoration: underline\">questions <\/span>to <span style=\"text-decoration: underline\">answer <\/span>for <b>each<\/b> entrepreneur and <span style=\"text-decoration: underline\">turn them in today.<\/span><\/p>\n<ol start=\"1\">\n<li>What is the <b>product\/service<\/b> or <b>idea<\/b>?<\/li>\n<li>What is the entrepreneur asking for and what are they willing to give up?<\/li>\n<li>What decision was made?<\/li>\n<li>Explain your opinion on the product and deal that was or wasn\u2019t made. 1-2 sentences<\/li>\n<\/ol>\n<p>B.\u00a0 <b>Video click on one of the links below<\/b><\/p>\n<ul>\n<li><cite>\u00b7<\/cite><a href=\"https:\/\/abc.go.com\/watch\/shark-tank\/SH559076\/VDKA0_2naeq9in\/week-19\">https:\/\/abc.go.com\/watch\/shark-tank\/SH559076\/VDKA0_2naeq9in\/week-19<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>I.\u00a0 Bellwork Marco\u2019s subs sells 400 sub sandwiches a week at a price of $5.00 each.\u00a0 Marco soon raises the price to $5.50 and is able to sell 380 sub sandwiches for the week. A.\u00a0 Determine Marco\u2019s Total Revenue before and after the price change. B.\u00a0 Determine if demand is elastic or inelastic and explain [&hellip;]<\/p>\n","protected":false},"author":176,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[],"class_list":["post-9085","post","type-post","status-publish","format-standard","hentry","category-economics-w2013"],"_links":{"self":[{"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/posts\/9085","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=9085"}],"version-history":[{"count":0,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/posts\/9085\/revisions"}],"wp:attachment":[{"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/media?parent=9085"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/categories?post=9085"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/iblog.dearbornschools.org\/farhoud\/wp-json\/wp\/v2\/tags?post=9085"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}