Wednesday, February 8th - Thursday, February 9th, 2006
Costs and Supply
Students shall be able to
define and identify fixed, marginal, variable and total costs,
differentiate between a change in fixed costs and marginal costs on economic decision-making,
calculate business profit,
identify diminishing marginal returns, and
identify the profit-maximizing level of output for a firm.
In a large group activity, students shall complete the "Costs" exercise.
In a large group activity, the class shall complete a production schedule. [This is an Excel file.]
Working individually, students shall complete a production schedule.
Students shall complete a quiz.
Assignment: Respond as instructed in class in your notebook. Complete the second production schedule and paste it on the left side of your notebook:
Complete the Supply crossword puzzle. [Click the link for the Microsoft Word version or the Adobe PDF version.]
Monitor and adjust, as needed. Check student responses while working. Grade student responses when notebooks are collected.
TEKS involved: 2A, 2C, 2D, 3A, 3B, 4A, 4B, 5A, 7A, 7B, 8B, 9C, 10A, 10B, 11A, 12B, 13C, 14A, 15A, 15B, 16A, 17A, 17C, 20A, 20B, 21A, 22B, 23A, 23B, 23C, 23D, 23F, 23G, 24A, 24B, 24C, 24D, 25A, 26A, 26B, 26C, 26D, 27B