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\nThe Push-Up Machine - Labor Market Activity\n

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\n\nPublisher:\n\nACDC Leadership\n\n\n
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\nThis is a great activity to simulate the labor market and show how a business decides how many workers to hire. Watch the video and see if you can figure out the following: 1. How many workers should be hired to maximize profit? 2. What...\nThis is a great activity to simulate the labor market and show how a business decides how many workers to hire. Watch the video and see if you can figure out the following: 1. How many workers should be hired to maximize profit? 2. What output should be produced to maximize profit? 3. How much profit will this firm earn?\n
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Resource Details

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Curator Rating
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Educator Rating
Not yet Rated
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Media Length
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25:26
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Grade
12th - Higher Ed
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Subjects
Social Studies & History
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Media Type
Instructional Videos
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Source:
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\nACDC Leadership\n\n
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Date
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2017
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Language
English
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Audiences
For Teacher Use
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Usage Permissions
Fine Print: Educational Use
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Additional Materials

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\" data-title=\"Get Full Access\" data-container=\"body\" rel=\"popover\" tabindex=\"0\" href=\"/subscription/new\">Video Transcript\n
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\" data-title=\"Get Full Access\" data-container=\"body\" rel=\"popover\" tabindex=\"0\" href=\"/subscription/new\">Video Preview\n
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Concepts

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economics, marginal analysis, cost, revenue
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Additional Tags

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activity, econ, clifford, push-up, machine, labor market, marginal resource cost, fixed cost, hire workers, total product, marginal product, variable cost, total cost, gotta pay, total revenue, additional cost, additional revenue, fixed resources, limited number, wage taker, minimum wage, revenue generated, bonus round, maximize profit, worker generates, worker cost, students fill, single push, price times, additional output, gonna make, gonna happen, alright gentlemen, worker worth
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Classroom Considerations

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Best For: Explaining a topic
Video is ad-free
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Educator Ratings

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