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2.2 herhalen + uitleg 2.3
Program
Recap 2.2 + check homework
Explanation 2.2 + assignments
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Slide 1:
Diapositive
Economie
Middelbare school
vwo
Leerjaar 3
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Program
Recap 2.2 + check homework
Explanation 2.2 + assignments
Slide 1 - Diapositive
Lesson objectives
You are able to explain when an excess demand occurs
You can explain how the equilibrium price is determined
You can explain when an excess supply occures
Slide 2 - Diapositive
What was our last class about?
Slide 3 - Diapositive
Turnover
Turnover (or Total Revenue) = sales quantity x selling price
TR = P x Q
2000 products are sold for € 50
Sales = 2000 products
Total Revenue = € 50 x 200 = € 100.000
Slide 4 - Diapositive
Total Profit
Total Revenue = Sales x Selling price
TR = P x Q
Total profit = Total Revenue - Total Costs
TP = TR - TC
Slide 5 - Diapositive
What's the difference between fixed and variable costs?
Slide 6 - Question ouverte
Total Costs (restaurant)
Fixed costs
- costs that are not dependant of the number of products produced.
F.e.: rent, insurance
Variable costs
- Costs that do depend on the number of produced products.
F.e.: ingredients of the meals
Slide 7 - Diapositive
Total costs
TC = 2Q + 100
2Q = variable costs, depend on Q (amount of products)
F.e.: costs per pizza are € 2
100 = fixed costs, you have to pay them anyway
F.e.: Loan and rent
Slide 8 - Diapositive
What's the difference between a supply and demand curve?
Slide 9 - Question ouverte
Demand curve
Supply curve
Slide 10 - Diapositive
Supply curve
Supply curve:
shows the relationship between price and the quantity supplied
Example of a supply curve:
Qs = 0,25P – 5
Qs = amount of products offered
P = price of the product in euro’s
the supply curve will be upward sloping
the number before p will be positive
Slide 11 - Diapositive
CHECK HOMEWORK
Slide 12 - Diapositive
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Slide 13 - Lien
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