Pre-Work:
1) Watch & Note Brightstorm’s “Economics: Cost & Revenue”- Concept and Problems 1-3
2) Complete Pre-Quiz "Optimization (Cost/Revenue)" .
Watch these videos if brighstorm is not working:
video 3 - Examples 5,6, and 10 ONLY
Optional: Watch Spencer Munroe (APC '14) explain the "box problem" here.
Agenda:
Think About It
Synthesis
Practice
Class Work attached through the Power Point below- download and open in your computer to see answers.