Spraying Strawberries

Twelfth graders explore rising health care costs and the Law of Diminishing Marginal Utility. They participate in an activity that demonstrates the Law of Diminishing Marginal Utility. Students read the may 27, 2005 Economic Letter and...

Before delving into the concept of cost curves in your class, discuss the relationship between inputs and outputs and the law of diminishing marginal returns. Here, an instructor uses data and graphs representing friends mowing...

Here is a brief introduction to the concepts covered in an economics course unit on the costs of production and perfect competition.

What happens in a perfectly competitive labor market? Here is a video in which an economics instructor explains how workers and firms must set their wages based on the market

By the end of this section, you will be able to interpret production possibilities frontier graphs, contrast a budget constraint and a production possibilities frontier, explain the relationship between a production possibilities...

Students examine the concept of dimishing marginal productivity. They role play the role of a farmer who has to decide how many times to spray his strawberry crop. They complete a chart and discuss the results.

Students play an economics game to learn about the law of diminishing returns. The lesson can be used to link to other concepts. The difference of production and productivity is explored.

Examines how supply relates to economic decision making. Using the example of purchasing blue jeans, students take the role of producer to determine how many blue jeans they would supply to the market. Includes links and discussion...

In this economics tutorial, you as a producer have to determine how much of a given product you should make.

This site defines the "short run', and shows with graphs how short run productivity relates to quantity (output).