Fourth graders assume different jobs of a community and understand the terms goods, services, producer, and consumer. In this community lesson plan, 4th graders answer short answer questions to show their knowledge of the terms.

The tutorial explores linear models. Students learn about the concepts through class notes, examples, and practice problems. Topics include linear cost, revenue, and profit. Review exercises and a chapter quiz are included.

There are different ways of thinking about costs and profit. Read about what they are and answer the review questions.

This video teaches the concept of Profit. Profit is income received for entrepreneurial skills or risk taking and is calculated by subtracting a firm's costs of producing a good or service from the revenues received from selling the good...

This lesson provides a good outline for a unit on the study of "production costs". Charts and graphs are provided to help understand a firm's cost curves, and at what level of production they should produce.

In this activity, learners perform breakeven analysis using the cost and revenue of an enterprise. They will determine the relationship between fixed and variable costs, profits, pricing policy, and the volume of output.

In this interactive economics lab, students help Albert Moose determine how to price his product, music synthesizers, based on costs and revenue. Students create supply curves to help in the decision process.

Business applications of derivatives are widely used. Marginal revenue, cost, and profit functions that you can find by taking the respective derivatives of revenue, cost, or profit would provide very valuable information to a business....

See examples of how perfectly competitive firms decide how much to produce.