Microeconomic Concepts - (SSEMI1) Flow Of Goods, (SSEMI2) Law Of Demand, (SSEMI3) Economic Behavior, (SSEMI4) Organization
And Role Of Business
Teacher Name: Heather Creamer
Economics, 1st Period
17 January 2017
Cashier / clerk
Delivery car wash
18 January 2017
Introduction to Business and Technology, 2nd Period
18 August 2016
Georgia BEST Module #1
When looking at how someones bad behavior has affected their life and someone elses life
permanently, my mothers friend Samantha c
Fixed cost Fixed cost is the cost that a business incurs even if the plant is idle and
output is zero.
Variable cost a cost that changes when the business rate of operation or output changes.
Total cost refers to the sum of the fixed and variable costs.
September 8, 2016
Hand Car Wash
Automated Car Wash
What to produce?
How to produce?
Use people (labor)
Use machines and equipment (capital)
For whom to produce?
Which of the following is a likely
result of a high unemployment
rate in the United States?
A) increased demand for consumer goods
B) increased production of capital goods
C) increased revenues
D) greater government expenditures for