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How Can Entrepreneurs Control Costs?
Source: EcEdWeb | Type: Lesson

Students examine the difference between fixed and variable costs, make predictions and recommend actions for a hypothetical business.

Grades:

• 9-12

Concepts:

• Entrepreneur
• Factors of Production

Standards:

• Economics 9: Role of Competition
• Economics 14: Profit and the Entrepreneur

Related Resources:

• Monopoly's Might
• Entrepreneurship
• Economics for Leaders: The “Giant Sucking Sound”– Job Woes or Trade Flows?

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