Describe Two Instructional Implications for Moving Students from Level 1

question 14

Essay

Describe two instructional implications for moving students from level 1 to 2.Explain an activity for each of the implications.

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Definitions:

Increasing-cost Industry

An industry in which the costs of production increase as the industry expands due to factors like limited resources or higher input prices.

Long-run Supply

The time period in economics during which all factors of production and costs are variable, allowing firms to adjust all inputs in response to market conditions.

Supply Curve

A graphical representation showing the relationship between the price of a good and the quantity of the good that suppliers are willing to produce and sell.

Decreasing-cost Industry

An industry where costs per unit decline as the industry's output increases due to economies of scale.