College Board
2004 AP® Microeconomics Free-Response Questions Form B
A company enjoys a monopoly. What happens to its profits when another firm introduces a similar product? Learners consider the case using questions from College Board. Other prompts include the effects of sales taxes and supply and...
Curated OER
The Role of Profits in the Economy
Students discuss the role of profits in an economy. As a class, they explain why profits are an incentive and practice calculating profit and loss. They discover what a firm in capitalism must do to earn profits and explain the...
Curated OER
Topic 5: Running the Business
Students explore the concept of running a business. In this running a business lesson plan, students put their plan of action into practice. Students market a product and try to maximize profit.