AP Economics
Economics isn’t just something you find in a textbook. It can be a potent tool to right past wrongs and improve people’s lives. - Janet Yellen
Your to-do list
Have a great vacation!
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Your to-do list
What's coming up
Firms' Short-Run Decisions to Produce and Long-Run Decisions to Exit and Enter the Market (3.6)12/14/2023 Your to-do list
Firms' Short-Run Decisions to Produce and Long-Run Decisions to Exit and Enter the Market (3.6)In the last class, we determined what a firm would do in the short run based on tables. Today we will determine it based on graphs. Then we'll take a look at what happens in the long run. What's coming up
Your to-do list
Please make sure you have the notes for Topics 3.5 and 3.6.
Firms' Short-Run Decisions to Produce and Long-Run Decisions to Exit and Enter the Market (3.6)
Some of the most important decisions in your life will be governed by this topic. Let's learn about when we make a profit, when we take a loss, and when we just walk away.
Your to-do list
Types of Profit (3.4)
Just when you think you're making a profit, you might not be. Let's check out Accounting and Economic Profit.
Profit Maximization (3.5)
So we know about the types of profit. Let's learn how not just to make a profit but to maximize it.
Your homework
Your to-do list
Please access the notes for Long-Run Production Costs (3.3) and I am going to be overly ambitious and say Types of Profit (3.4) too.
Long-Run Production Cost (3.3)
Don't worry. Just because it's the long run doesn't mean it's painful. You already know a lot of the information.
Types of Profit (3.4)
Just when you think you're making a profit, you might not be. Let's check out Accounting and Economic Profit.
Your homework
Please make sure that you have the Edpuzzle done for Profit Maximization (3.5) for Friday. You should have completed the Topic Questions through Long-Run Production Costs (3.3), and possibly Types of Profit (3.4), by then as well.
Your to-do listPlease access our notes from the last class as well as the ones on Long-Run Production Costs (3.3). Long-Run Production Costs (3.3)Let's move from the Short Run to the Long Run. Your homeworkPlease make sure you have completed all Topic questions through 3.3 and Edpuzzles through 3.4 for Wednesday.
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