Warning: Undefined array key "PANTHEON_ENVIRONMENT" in /var/www/vhosts/staging.econedlink.org/httpdocs/wp-content/mu-plugins/disable-plugins-in-development.php on line 8
Deprecated: Return type of CsvLine::offsetExists($offset) should either be compatible with ArrayAccess::offsetExists(mixed $offset): bool, or the #[\ReturnTypeWillChange] attribute should be used to temporarily suppress the notice in /var/www/vhosts/staging.econedlink.org/httpdocs/wp-content/plugins/barrel-magicbox/includes/libs/CsvLine.php on line 43
Deprecated: Return type of CsvLine::offsetGet($offset) should either be compatible with ArrayAccess::offsetGet(mixed $offset): mixed, or the #[\ReturnTypeWillChange] attribute should be used to temporarily suppress the notice in /var/www/vhosts/staging.econedlink.org/httpdocs/wp-content/plugins/barrel-magicbox/includes/libs/CsvLine.php on line 52
Deprecated: Return type of CsvLine::offsetSet($offset, $value) should either be compatible with ArrayAccess::offsetSet(mixed $offset, mixed $value): void, or the #[\ReturnTypeWillChange] attribute should be used to temporarily suppress the notice in /var/www/vhosts/staging.econedlink.org/httpdocs/wp-content/plugins/barrel-magicbox/includes/libs/CsvLine.php on line 59
Deprecated: Return type of CsvLine::offsetUnset($offset) should either be compatible with ArrayAccess::offsetUnset(mixed $offset): void, or the #[\ReturnTypeWillChange] attribute should be used to temporarily suppress the notice in /var/www/vhosts/staging.econedlink.org/httpdocs/wp-content/plugins/barrel-magicbox/includes/libs/CsvLine.php on line 68
Deprecated: Return type of CsvLine::current() should either be compatible with Iterator::current(): mixed, or the #[\ReturnTypeWillChange] attribute should be used to temporarily suppress the notice in /var/www/vhosts/staging.econedlink.org/httpdocs/wp-content/plugins/barrel-magicbox/includes/libs/CsvLine.php on line 89
Deprecated: Return type of CsvLine::next() should either be compatible with Iterator::next(): void, or the #[\ReturnTypeWillChange] attribute should be used to temporarily suppress the notice in /var/www/vhosts/staging.econedlink.org/httpdocs/wp-content/plugins/barrel-magicbox/includes/libs/CsvLine.php on line 97
Deprecated: Return type of CsvLine::key() should either be compatible with Iterator::key(): mixed, or the #[\ReturnTypeWillChange] attribute should be used to temporarily suppress the notice in /var/www/vhosts/staging.econedlink.org/httpdocs/wp-content/plugins/barrel-magicbox/includes/libs/CsvLine.php on line 105
Deprecated: Return type of CsvLine::valid() should either be compatible with Iterator::valid(): bool, or the #[\ReturnTypeWillChange] attribute should be used to temporarily suppress the notice in /var/www/vhosts/staging.econedlink.org/httpdocs/wp-content/plugins/barrel-magicbox/includes/libs/CsvLine.php on line 113
Deprecated: Return type of CsvLine::rewind() should either be compatible with Iterator::rewind(): void, or the #[\ReturnTypeWillChange] attribute should be used to temporarily suppress the notice in /var/www/vhosts/staging.econedlink.org/httpdocs/wp-content/plugins/barrel-magicbox/includes/libs/CsvLine.php on line 125
Deprecated: Return type of CsvReader::current() should either be compatible with Iterator::current(): mixed, or the #[\ReturnTypeWillChange] attribute should be used to temporarily suppress the notice in /var/www/vhosts/staging.econedlink.org/httpdocs/wp-content/plugins/barrel-magicbox/includes/libs/CsvReader.php on line 81
Deprecated: Return type of CsvReader::next() should either be compatible with Iterator::next(): void, or the #[\ReturnTypeWillChange] attribute should be used to temporarily suppress the notice in /var/www/vhosts/staging.econedlink.org/httpdocs/wp-content/plugins/barrel-magicbox/includes/libs/CsvReader.php on line 89
Deprecated: Return type of CsvReader::key() should either be compatible with Iterator::key(): mixed, or the #[\ReturnTypeWillChange] attribute should be used to temporarily suppress the notice in /var/www/vhosts/staging.econedlink.org/httpdocs/wp-content/plugins/barrel-magicbox/includes/libs/CsvReader.php on line 101
Deprecated: Return type of CsvReader::valid() should either be compatible with Iterator::valid(): bool, or the #[\ReturnTypeWillChange] attribute should be used to temporarily suppress the notice in /var/www/vhosts/staging.econedlink.org/httpdocs/wp-content/plugins/barrel-magicbox/includes/libs/CsvReader.php on line 109
Deprecated: Return type of CsvReader::rewind() should either be compatible with Iterator::rewind(): void, or the #[\ReturnTypeWillChange] attribute should be used to temporarily suppress the notice in /var/www/vhosts/staging.econedlink.org/httpdocs/wp-content/plugins/barrel-magicbox/includes/libs/CsvReader.php on line 117
Warning: Undefined array key "post_type" in /var/www/vhosts/staging.econedlink.org/httpdocs/wp-content/themes/econ-ed-link/lib/data/webinars-admin-sort.php on line 24 EconEdLink - A Primer on Marginal Analysis Notice: Function wpdb::prepare was called incorrectly. The query argument of wpdb::prepare() must have a placeholder. Please see Debugging in WordPress for more information. (This message was added in version 3.9.0.) in /var/www/vhosts/staging.econedlink.org/httpdocs/wp-includes/functions.php on line 6031
Warning: Undefined variable $resource in /var/www/vhosts/staging.econedlink.org/httpdocs/wp-content/themes/econ-ed-link/modules/hero-single/hero-single.php on line 23
Deprecated: Function get_page_by_title is deprecated since version 6.2.0! Use WP_Query instead. in /var/www/vhosts/staging.econedlink.org/httpdocs/wp-includes/functions.php on line 6031
Warning: Undefined variable $resource_class in /var/www/vhosts/staging.econedlink.org/httpdocs/wp-content/themes/econ-ed-link/modules/content-single/content-single.php on line 84
In this economics activity, students will investigate marginal analysis.
Resources
Procedure
This activity is an individual activity where students view a video and respond to a set of questions. The activity is available in two ed-tech tools, a Quizizz Activity or ReadyAssessments Activity. It is also available as a worksheet. Select one of the options. Use the worksheet answer key as a teacher guide to check for correct answers. Begin by prompting students with the following:
Marginal analysis is a means of examining the costs and benefits when making a change in the production of goods and services – or when we are deciding how to use our time. Few things in life are zero-sum, meaning all or nothing. Instead, choices have both costs and benefits, and our goal is to maximize the benefits and minimize the costs. Marginal analysis can help us better understand how the decision-making process works.
Then, ask students to follow the instructions below:
Warning: Undefined array key "a:2:{i:0;s:1:"7";i:1;s:2:"15";}" in /var/www/vhosts/staging.econedlink.org/httpdocs/wp-content/themes/econ-ed-link/lib/data/resource.php on line 367