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