We will correct worksheets from yesterday. Shifts in equilibrium will be covered in class. Equilibrium shifts worksheets will be given out.
Test on equilibrium will be Tuesday.
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Audible Tone: For minimum wage to have an impact, should it be above or below equilibrium? By a lot or a little? Why?
We will correct worksheets from yesterday. Shifts in equilibrium will be covered in class. Equilibrium shifts worksheets will be given out. Test on equilibrium will be Tuesday.
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Audible Tone: Plot the following P 0 QD 20 QS 0 P $2 QD 10 QS 2 P $4 QD 6 QS 6 P $6 QD 4 QS 10 P $8 QD 2 QS 14 P $10 QD 0 QS 20
We will go over the supply quiz and correct it. We will go over the 6/1-2 terms on equilibrium. We will look at surplus and shortages as well as price floors and ceilings. There will be equilibrium worksheets. Audible Tone: Plot the following P 0 QD 20 QS o, P $1 QD 16 QS 4, P $2 QD 12 QS 8, P $3 QD 8 QS 12, P $4 QD 4 QS 16, P $5 QD 0 QS 20 This is plotting supply and demand curves to give us equilibrium.
We will finish the video. It is early release day, so classes are shortened. If time we will go over the supply quiz and begin equilibrium Audible Tone: Explain equilibrium.
We will watch the video "The Persuaders" on marketing and advertising. There will be questions with it. Audible Tone: How do you figure revenue? total cost? profit?
We will go over the review sheet for supply. There will be the quiz on supply. Read/define chap 6 section 1-2 key terms after the quiz. Audible Tone: What causes a change in QUANTITY supplied? What causes a shift in supply? Draw each. Turn in.
We will go over the worksheet from yesterday in class. There will also be a review sheet for the supply quiz that will be done in class. Supply quiz is Monday. Audible Tone: Why do supply curves go up and to the right?
We will continue going over the terms from 5/2. We will look at marginal product of labor, revenue, variable costs, fixed costs, total costs, and profit. Shifts in supply will also be addressed. There will be worksheets on shifts in supply. Quiz on supply is Monday. Audible Tone: Draw an inelastic supply curve. Why does this happen? Draw an elastic supply curve. Why does this happen?
We will go over the supply worksheet from yesterday. Read/define 5/2 terms and we will discuss them. Quiz on supply will be Monday. Audible Tone: Plot the following: P 0 Q 0, P $1 Q 1, P $2 Q 4, P $3 Q 8, P $4 Q 14, P $5 Q 20
Go over the quiz from yesterday. Begin supply and elasticity of supply. There will be supply worksheets (chapter 5 section 1 ws) for homework. Supply quiz could be Friday or Monday. Audible Tone: Draw a change in quantity demand and label it. Draw a change in demand and label it.
We will do a little bit of review today and then we will have the demand quiz. We will also read/define 5/1 terms. We will begin going over supply. |
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