Type:

Description:

This experiment uses student participation to teach the concept of diminishing marginal returns. Students are told they will be the employees in a widget factory. This game works equally well in small classes (less than 30 students) and also large lectures (more than 250 students). You will need enough space to place the buckets 16-20 feet apart. If you do not have a large room, you may want to complete the activity in the hallway, outside or in the gym.

Subjects:

  • Career & Technical Education > Business
  • Social Studies > Entrepreneurship

Education Levels:

  • Grade 9
  • Grade 10
  • Grade 11
  • Grade 12

Keywords:

Be Principled,Diminishing marginal returns,Knowledge,Marginal analysis,Principled Entrepreneurship,Sound Judgment,Sunk Cost,Win-Win Focus

Language:

English

Access Privileges:

Public - Available to anyone

License Deed:

Creative Commons Attribution Non-Commercial

Collections:

YE Economics
This resource has not yet been aligned.
Curriki Rating
'P' - This is a trusted Partner resource
P
'P' - This is a trusted Partner resource

Not Rated Yet.

Non-profit Tax ID # 203478467