# AGENDA 10/8 BW MATH MINUTES 30 FOR 3-BROKE WITH QUESTIONS EXIT TICKET

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1 AGENDA 10/8 BW MATH MINUTES 30 FOR 3-BROKE WITH QUESTIONS EXIT TICKET

2 1. Identify the mistake. Math Minute 10/8 Answers 5. True or False? ( 2) 3 = ( 2)( 2)( 2) = = Use the circle graph to complete Problems Find the lowest common denominator of and 3 7. Use the line graph to complete Problems According to the graph, about what percent of the points does Angie have? 3. Nicole and Caitlin together have about % of the points. 4. Which two people represent the largest percent of points earned? 8. According to the graph, on which day of the week did John earn the most points? 9. About how many points did he earn on Monday? 10. Altogether, John earned about how many points this week? a b c d

3 EXIT TICKET 10/8 SHOULD THE SPORTS LEAGUES (NFL, NBA, AND MLB) BE REQUIRED TO TRAIN ATHLETES ON FINANCIAL PLANNING? SHOULD THEY BE REQUIRED TO SET UP RETIREMENT ACCOUNTS MAKING SUCH LARGE CONTRACTS? WHY OR WHY

4 BW-ACT PREP QUESTIONS ARE TIMED SO PAY ATTENTION AGENDA 9/9 CONTINUE BROKE DISCUSS QUESTIONS EXIT TICKET/REFLECTION QUESTIONS

5 1. During the early morning hours of October 28, 1965, engineers stationed 630 feet about the ground made careful measurements for the days work. The results indicated a problem that threatened to postpone and delay the topping-out ceremony marking the placement of the final section between the two freestanding legs of the St. Louis Gateway Arch. Choose the best answer A. NO CHANGE B. 1965, and engineers C Engineers D. 1965; engineers

6 2. During the early morning hours of October 28, 1965, engineers stationed 630 feet about the ground made careful measurements for the days work. The results indicated a problem that threatened to postpone and delay the topping-out ceremony marking the placement of the final section between the two freestanding legs of the St. Louis Gateway Arch. Choose the best answer A. NO CHANGE B. days C. day s D. days s

7 3. During the early morning hours of October 28, 1965, engineers stationed 630 feet about the ground made careful measurements for the days work. The results indicated a problem that threatened to postpone and delay the topping-out ceremony marking the placement of the final section between the two freestanding legs of the St. Louis Gateway Arch. Choose the best answer A. NO CHANGE B. had been threatened C. will have threatened D. threatens

8 4. During the early morning hours of October 28, 1965, engineers stationed 630 feet about the ground made careful measurements for the days work. The results indicated a problem that threatened to postpone and delay the topping-out ceremony marking the placement of the final section between the two freestanding legs of the St. Louis Gateway Arch. Choose the best answer A. NO CHANGE B. to a later time C. by delaying D. OMIT the underlined portion

9 During the early morning hours of October 28, 1965, engineers stationed 630 feet about the ground made careful measurements for the days work. The results indicated a problem that threatened to postpone and delay the topping-out ceremony marking the placement of the final section between the two freestanding legs of the St. Louis Gateway Arch. The writer is considering deleting the underlined portion. If the writer were to delete this phrase, the essay would primarily lose: A. the writer s opinion about the significance of the topping-out ceremony B. a minor detail in the essay s opening paragraph C. an explanation of the term topping-out ceremony D. an indication of the topping-out ceremony s importance to the people of St. Louis

10 1. A 2. C Answers: 3. A 4. D 5. C

11 EXIT TICKET 10/8 SHOULD THE SPORTS LEAGUES (NFL, NBA, AND MLB) BE REQUIRED TO TRAIN ATHLETES ON FINANCIAL PLANNING? SHOULD THEY BE REQUIRED TO SET UP RETIREMENT ACCOUNTS MAKING SUCH LARGE CONTRACTS? WHY OR WHY

12 NEED TO KNOW TEXTBOOK PAGES HOW THE ECONOMY WORKS ACTIVITY. READ HOW IS BROADCASTING REGULATED? IN COMPLETE SENTENCES, ANSWER THE TWO QUESTIONS. 2. Which of the following would be an oligopoly? (E26) a. one firm producing 95 percent of the output b. two to four firms producing 70 percent to 80 percent of the output c. eight to ten firms producing 60 percent to 70 percent of the output d. twelve to fourteen firms producing 90 percent of the output

13 EXIT TICKET/REFLECTION-BROKE 1. WHAT WERE THE 3 MOST IRRESPONSIBLE THINGS ATHLETES DID WITH THEIR MONEY? ARE THERE ANY OTHER GROUPS OF PEOPLE WHO MAKE SIMILAR MISTAKES WITH MONEY? (MENTIONED IN THE FILM) 2. WHAT WOULD YOU DO DIFFERENTLY WITH YOUR MONEY IF YOU WERE A PROFESSIONAL ATHLETE WITH A LARGE SIGNING BONUS/SALARY? DEVELOP A PLAN. 3. WHY ARE ATHLETES PAID SUCH LARGE SALARIES? WHO DECIDES THEIR VALUE?

14 BW-WORD WALL 2 ND NINE WEEKS NATIONALISM NOTES/ACTIVITIES AGENDA 10/11 DEMAND AND SUPPLY NOTES EQ 11 DEFINE SUPPLY AND DEMAND

15 DEMOGRAPHIC: SECTORS OF THE POPULATION ELASTICITY: THE DEGREE TO WHICH INDIVIDUALS, CONSUMERS OR PRODUCERS CHANGE THEIR DEMAND OR THE AMOUNT SUPPLIED IN RESPONSE TO PRICE OR INCOME CHANGES. EQUILIBRIUM: POINT AT WHICH THE DEMAND FOR A PRODUCT OR SERVICE IS EQUAL TO THE SUPPLY OF THAT PRODUCT OR SERVICE RATIONING: SYSTEM OF ALLOCATING SCARCE GOODS AND SERVICES USING CRITERIA OTHER THAN PRICE VENTURESOME: HAVING OR SHOWING A DISPOSITION TO UNDERTAKE DARING OR DANGEROUS ACTIVITIES MOTIVE- A REASON FOR DOING SOMETHING, ESPECIALLY ONE THAT IS HIDDEN OR NOT OBVIOUS. OLIGOPOLY A MARKET IN WHICH 2-4 FIRMS DOMINATE THE MARKET GLOBALIZATION THE INCREASING TIGHT INTERCONNECTION OF BUSINESS, PEOPLE AND GOVERNMENTS AROUND THE WORLD COPIOUS-- PLENTIFUL IN NUMBER INNOVATE TO DO SOMETHING IN A NEW OR UNIQUE WAY ADVANCED HONORS ONLY RATIONING: SYSTEM OF ALLOCATING SCARCE GOODS AND SERVICES USING CRITERIA OTHER THAN PRICE STRINGENT- MARKED BY RIGOR, STRICTNESS, OR SEVERITY ESPECIALLY WITH REGARD TO RULE OR STANDARD WORD WALL 2 ND NINE WEEKS

16 I Highly recommend you write down what is in YELLOW for your benchmark

17 Essential Questions

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19 The law of demand states that as the price of a good or service increases, the quantity of that good or service will decrease.

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21 Checkpoint: What happens to demand for a good when the price increases? Changes in price are an incentive; price changes always affect quantity demanded because people buy less of a good when its price goes up.

22 The substitution effect takes place when a consumer reacts to a rise in the price of one good by consuming less of that good and more of a substitute good

23 How does market demand change when the price falls from \$3 to \$2 a slice?

24 How many slices does Ashely demand at \$4 a slice?

25 If the market price for pizza is \$2.00 a slice, how many slices will be supplied by all producers in the market, according to Figure 5.4? (E17) A. 200 C. 250 B. 2,000 D. 2,500 According to Figure 5.4, how many slices of pizza will one pizzeria be willing to supply at a market price of \$1.50 a slice? (E17) A. 100 C. 300 B. 200 D. 1,000

26 Shifts in the demand curve are caused by more than just price increases and decreases. Other factors include: Income Consumer Expectations Population

27 demand to fall, the demand curve shifts to the left. An increase in demand appears as a shift to the right. If the price of a coke rose by one dollar, how would you show the change on one of these graphs?

28 Demographics are the characteristics of populations, such as age, race, gender, and occupation.

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32 The law of supply states that as the price increases, the quantity supplied increases.

33 As the price of a good increases, producers will offer more of it and as the price decreases, they will offer less.

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36 What does the individual supply schedule tell you about the pizzeria owner s decisions? How does the market supply schedule compare to the individual supply schedule?

37 A supply curve always rises from left to right because higher prices leads to higher output. Checkpoint: What are the two variables represented in a supply schedule or supply curve?

38 Which of the following is the best example of the law of supply? (E21) A. A sandwich shop increases the number of sandwiches they supply every day when the price is increased. B. A catering company buys a new dishwasher to make their work easier. C. A milling company builds a new factory to process flour to export. D. A food producer increases the number of acres of wheat he grows to supply a milling company.

39 Elastic When elasticity is greater than one, supply is very sensitive to price changes Inelastic When elasticity is less than one, supply is not very responsive to price changes.

40 The addition of new workers will increase production until it reaches its peak, at which point, production actually decreases.

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42 Factors that reduce supply shift the supply curve to the left, while factors that increase supply move the supply curve to the right. Which graph best represents the effects of higher costs? Which graph best represents advances in technology?

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44 Life is full of signals that help us make decisions. For example, when we pull up to an intersection, we look to see if the traffic light is green, yellow, or red. We look at the other cars to see if any have their blinkers on, and in this way we receive signals from other drivers regarding their intentions to turn.

45 something as simple as a price the monetary value of a product as established by supply and demand is a signal that helps us make our economic decisions.

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47 How many slices are sold at equilibrium?

48 How much is the shortage when pizza is sold at \$2.00 per slice?

49 Rent Control Sets a price ceiling on apartment rent Prevents inflation during housing crises Helps the poor cut their housing costs Can lead to poorly managed buildings because landlords cannot afford the upkeep.

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52 The sudden increase in market demand cause the demand curve to shift to the right. What impact did the change in demand shown in the graph have on the equilibrium price?

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54 shortages are common. One response to shortages is rationing.

55 During World War II, the federal government used rationing to control shortages.

56 The Wealth of Nations, Adam Smith wrote that businesses do best when they provide what people need. Financial rewards motivate people.