Cost of Production: Factory Simulation
Shea Cook
5 Followers
Grade Levels
7th - 12th
Subjects
Resource Type
Standards
CCSSRST.9-10.1
CCSSRST.9-10.2
CCSSRST.9-10.3
Formats Included
- Word Document File
Pages
12 pages
Shea Cook
5 Followers
Description
Two day class simulation of a car factory. Students work together to figure out how many workers will maximize output and how many cars should be produced per hour to maximize profit.
Objectives of Simulation :
1. Explain how firms decide how much labor to hire in order to produce a certain level of output
2. Analyze the production costs of firms
3. Explain how a firm chooses to set output
4. Identify the factors that a firm must consider before shutting down an unprofitable business
Objectives of Simulation :
1. Explain how firms decide how much labor to hire in order to produce a certain level of output
2. Analyze the production costs of firms
3. Explain how a firm chooses to set output
4. Identify the factors that a firm must consider before shutting down an unprofitable business
Total Pages
12 pages
Answer Key
Included
Teaching Duration
2 days
Last updated Mar 13th, 2016
Report this resource to TPT
Reported resources will be reviewed by our team. Report this resource to let us know if this resource violates TPT’s content guidelines.
Standards
to see state-specific standards (only available in the US).
CCSSRST.9-10.1
Cite specific textual evidence to support analysis of science and technical texts, attending to the precise details of explanations or descriptions.
CCSSRST.9-10.2
Determine the central ideas or conclusions of a text; trace the text’s explanation or depiction of a complex process, phenomenon, or concept; provide an accurate summary of the text.
CCSSRST.9-10.3
Follow precisely a complex multistep procedure when carrying out experiments, taking measurements, or performing technical tasks, attending to special cases or exceptions defined in the text.
Reviews
Questions & Answers
5 Followers
