Cost of Production: Factory Simulation

Grade Levels
Common Core Standards
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4.1 MB   |   12 pages pages

PRODUCT DESCRIPTION

Two day class simulation of a car factory. Students work together to figure out how many workers will maximize output and how many cars should be produced per hour to maximize profit.

Objectives of Simulation :
1. Explain how firms decide how much labor to hire in order to produce a certain level of output
2. Analyze the production costs of firms
3. Explain how a firm chooses to set output
4. Identify the factors that a firm must consider before shutting down an unprofitable business
Total Pages
12 pages
Answer Key
Included
Teaching Duration
2 Days

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Cost of Production: Factory Simulation
Cost of Production: Factory Simulation
Cost of Production: Factory Simulation
Cost of Production: Factory Simulation
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