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Total Revenue and Cost Analysis: Class Agenda for 10/3 and Homework for 10/5

On Wednesday, October 3rd, please settle into your group seats and gather all your High School Food Court materials. You will have the first 10 minutes of class to complete your Total Revenue work. If you were absent on Monday, please see me to catch up. For homework, on October 5th, check your Total Revenue for accuracy and address any mistakes. We will also cover the Demand Curve for Bennies, along with Cost Information. Please complete the assigned reading from Chapter 5 (pages 100-120) and submit your answers to questions 1, 2, 5, 8, and 13 by Tuesday, October 9th.

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Total Revenue and Cost Analysis: Class Agenda for 10/3 and Homework for 10/5

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  1. Opening Act: Wednesday 10/3 • Sit in your group seats • Take out all of your High School Food Court Materials • You have the first 10 minutes of class to finish your Total Revenue Work • If you were absent on Monday, see me • Take out something to write down your HW

  2. Agenda: Wednesday 10/5 • Check Total Revenue for correctness, fix mistakes • Demand Curve for Bennies • Cost Info • Daily Costs • Fixed Costs • Variable Costs • Work on HW • HW – Due Tuesday 10/9. (10 Point HW Grade) Read Chapter 5 (pages 100-120) Then answer the following questions in complete sentences (except #8, bullet points are okay for this chart) • Pages 122-123 #'s 1, 2, 5, 8, 13

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