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Ch.5 Quick Quizzes

Ch.5 Quick Quizzes. Mrs. Brooke Lubin Economics Bolton High School. Tuesday, Sept 10 th , 2013. Make up work (from absences)? BELL: Ch.5 QQs Finish Ch.5 discussion QUIZ Ch.5 Thursday! CFA2 due Friday!!!. Ch.5 Sec.2 QQ.

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Ch.5 Quick Quizzes

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  1. Ch.5 Quick Quizzes Mrs. Brooke Lubin Economics Bolton High School

  2. Tuesday, Sept 10th, 2013 • Make up work (from absences)? • BELL: Ch.5 QQs • Finish Ch.5 discussion • QUIZ Ch.5 Thursday! • CFA2 due Friday!!!

  3. Ch.5 Sec.2 QQ • The period of production that allows producers to change the amounts of inputs is… • The period of production that allows producers to change only the amt. of the variable input is… • When the number of workers hired is so great that the workers begin to get in each other’s way, output ___________. • In what order do the three stages of production occur? • The stages of production are based on…

  4. Ch.5 Sec.3 QQ • Cost benefit decision making that compares the extra benefits to the extra costs of an action is called… • The total cost of production is determined by… • Electricity is an example of a ________ cost. • If a business’s fixed costs are large relative to its variable costs, it is likely to… • Profit is maximized when marginal cost is…

  5. Monday, Sept 9th, 2013 • Take out your comparison chart-Demand and Supply • Bring tuna. See board (right). • See weekly schedule on board (left). • BELL: Ch.5 QQs • Ch.5 “reading” quiz • Ch.5 discussion

  6. Ch.5 Sec.1 QQ • The Law of Supply states… • What can cause an increase in supply? • Which product is likely to have the most elastic supply curve? • The supply curve is… • Increased gov’t regulations can cause the supply curve to…

  7. Monday, February 4th, 2013 • Progress reports & CFA2 due Thursday! • check Chapter 5 overview-have it out on your desk • complete supply and demand comparison (on next slide) by creating a table/chart • Discuss SUPPLY • Ch.5 QQs

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