Big Foot Conspiracy?
Big Foot Conspiracy?
Description:
A pair of Nike Free Run sneakers in size 6 cost $85. Size 8? $85. Size 11? $85, again. But is it fair that people with big feet get more shoe for the same amount of money? In this lesson we’ll use graphs, unit rates ($/ounce), and proportions to analyze what shoes really cost and to develop an alternate pricing model by which Nike could charge by the ounce. This lesson helps potential entrepreneurs think about setting prices based on the cost of materials and whether or not potential customers might respond well to various pricing schemes.
Education Levels:
6
Subject:
Business, Economics, Algebra
Resource Type:
Lesson plan
Medium:
Flash
Fee Status:
Free
Beneficiary:
Students
Online provider:
Mathalicious
Learning Outcomes:
Learning Outcomes:
Broad Correlation
Broad Correlation
2. Understand the concept of a unit rate a/b associated with a ratio a:b with b ? 0, and use rate language in the context of a ratio relationship.
Broad Correlation
b. Solve unit rate problems including those involving unit pricing and constant speed.
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