Type:

E-book, Lesson Plan

Description:

In this lesson, students will apply the methods they have been learning to the data they have collected for their project. They will use the cost curve they generated earlier in the project and combine it with five different possible revenue curves (representing potential prices they can charge for their product). This will let them know how many units they will need to sell at various prices in order to make an informed decision about how much to charge for their product. This lesson will take at least 2, potentially 3 or 4, 45-minute class periods to complete.

Subjects:

  • Mathematics > General
  • Mathematics > Algebra
  • Mathematics > Equations
  • Mathematics > Graphing
  • Mathematics > Problem Solving

Education Levels:

  • Grade 6
  • Grade 7
  • Grade 8
  • Grade 9
  • Grade 10

Keywords:

Algebra Linear Equations Graphing

Language:

English

Access Privileges:

Members

License Deed:

Creative Commons Attribution 3.0

Collections:

None
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Curriki Rating
On a scale of 0 to 3
3
On a scale of 0 to 3

This resource was reviewed using the Curriki Review rubric and received an overall Curriki Review System rating of 3, as of 2009-07-09.

Component Ratings:

Technical Completeness: 3
Content Accuracy: 3
Appropriate Pedagogy: 3

Reviewer Comments:

This lesson begins the process of applying the business processes so far - choosing a product, analyzing the cost curve, estimating demand, finding the break-even point - with the analysis needed to support the business algebraically. This is an exciting moment. ……………………………………………..………………………….…….…………….……………………………………….. This resource is part of a 8 week unit for an elementary Algebra class. The unit (Teaching Linear Equations through Running a Small Business ) covers linear equations, linear regression, and uses the simple economics of running a small business to illustrate the ideas. It requires the teacher to integrate the material with various skills, including use of the Internet and other technologies. It is an ambitious and ultimately rewarding undertaking.
member-name
Kelli McIntosh
November 23, 2015
I\'m really interested in doing this project with my 8th grade students. None of the attachments are working, though. I can certainly create my own version of what I \'think\'…

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