EQ - How is price determined so an entrepreneur can make a profit
- Homework Review - The Profit Equation
- Identifying Fixed vs. Variable Costs
- Develop a Profit Equation word problem
- Follow the process
- Solve your own word problem
- Trade with a partner
- Solve Theirs
- Review Answers
- Muddy Points
- Scarcity - Impact on costs and entrepreneurial decisions
- The Price Equation
- Price = Cost + Markup
- Why can McDonalds sell a double cheeseburger for $1.50?
- Debriefing
- Making Connections
- Interactive Muddy Points - Click Here
- Prep for your exam next class
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