Making Production Decisions 📈

Today is St. Patrick's Day 🍀

🎯 Learning Targets

• Explain why producers look at productivity when making supply decisions
• Describe how varying levels of input affects the levels of output
• Explain how changes in production costs affect producers’ supply decisions

⏰ What We Did

• Used instructional notes from Lesson 4, Part 3: Making Production Decisions, to calculate revenue, costs, and profit at various price points to determine the ideal price for a good

⚙️ Resources

• Setting Prices (A-7)