The Dish on Supply

This wonderful March week, we delved into the topic of supply! The crazy thing is is that you would think there is a huge difference between supply and demand, when in reality, they are similar in the opposite way... okay, that might sound confusing, but it makes sense! I mean think about it: Demand is from the consumer's point of view while supply is from the producer. Consumer and producer go together just as demand and supply go together. Simple! Moving on, we did cool things like supply schedules, we drew some, and we got to draw some awesome scooters! I mean, I do think that our Armani scooter was the best, but hey. We really sold it :) The 10 questions were interesting when I made them, and I think that it really helped me to study for exams next week. I enjoyed this week and the discussions of supply with all the different cost, margins, and all that cool stuff. It took me a while to memorize the different things (i.e. variable + fixed = total cost and total revenue - total cost = profit). Filling in all the charts was so confusing at the start and then after doing 20935 of them, I think I got it! I am really prepared for this midterm, I feel like. Hopefully my grade will reflect it! Good luck, my fellow classmates! :)