PRICE FLOORS AND CEILINGS SSEMI3 b: Explain and illustrate the effects of price floors and ceilings.
Brief Response: Use the Image, p. 128 Given other factors, is it worth producing….. explain 110 units? – Yes, – Marginal product is still high, total profit.
Warm Up What is Marginal Cost? What is Variable Cost? What are the 7 factors that shift the supply curve? What are the 3 Stages of production? Explain.
CHAPTER 6 PRICES AND DECISION MAKING 6.2 “The Price System at Work” Thailand TWO- price system.
Strategies to Determine Optimal Prices Entrepreneurship 1 ~ 5.02 B.
