Your to-do list
Thornton Academy's CostsPlease think of a list of costs that will not change for Thornton Academy whether they have one student or one thousand. That might be an exaggeration so at least focus on costs that you feel would remain the same no matter how many students TA had enrolled. Costs of Production and ProfitPlease head to Nearpod to join in a presentation and grab a list of key terms on this topic from Google Classroom. Costs of Production and Profit Case StudyPlease complete the Costs of Production and Profit Case Study for Tuesday, April 4th.
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Your to-do list
Incentives gone wrongAllocating ResourcesBrainstorm as many ways as you can to allocate scarce resources. For example, imagine that there were not enough desks in our classroom how would you decide who gets a desk? The HurricaneYou live in quaint, idyllic New England and the last thing you expect is a hurricane. But, that is what just happened along the border between Vermont and New Hampshire. Hurricane Bertha, conceived off the coast of Africa, made landfall as a Category 2 storm on the southern coast of Long Island and cut a swath up the Connecticut River before fizzling out and exiting North America off the coast of New Brunswick. There were no fatalities, but the damage to property has been devastating. Torrential rain and relentless winds leveled trees, made roads impassable, left countless numbers without power, wiped out century-old bridges, and swelled the river to unprecedented levels above flood stage. Villages and hamlets, nestled in the cleft between the Green and White Mountains, find themselves isolated. Hanover, NH, and Norwich, VT, sister towns within a “stone’s throw,” are now cut off from each other because the bridge across the Connecticut River was destroyed. Power is out in both towns and the roads leading in from the east and west have disappeared under toppled ancient maple and birch trees. At daylight, residents emerged to survey the damage and speculate on life over the coming days. Their towns are without power and no utility trucks can approach. The need for necessities for the indeterminable future becomes the top priority. Water, ice, gasoline for generators, propane for grills, diapers, batteries, and canned food are just a few of the things residents need. Retailers in both towns who had these items prior to the storm quickly set up open-air markets, because they fear for the structural integrity of their buildings. Residents begin queuing and discussing the nightmare that has just befallen both communities. Just hours before the storm, residents of both towns had the foresight to withdraw some cash from ATMs. But the demand forced banks to limit each customer to $100. That is what each person has in her or his pocket as the lines form. The residents of both communities line up single file. They are free to buy as many of each item as they wish. Each of them must maintain flashlights, generators, and coolers, and hydration is a constant concern because the water pumps to the wells are not functioning. When shopping begins, the prices of a gallon of water, a three pack of D batteries, a gallon of gasoline, and a 10-lb. bag of ice will be prominently displayed. Your homework: |
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January 2024
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