20.2 cost of resources€¦ · math on the spot video tutor online assessment system soar to...
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For the student For the teacher
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Math on the Spot Video Tutor Online Assessment
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Soar to Success Math Online Intervention
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Resources
e
Texas Essential Knowledge and Skills
Personal Financial Literacy—3.9.B Describe the relationship between the availability or scarcity of resources and how that impacts cost
Also 3.2.D
MATHEMATICAL PROCESSES3.1.A Apply mathematics to problems3.1.F Analyze mathematical relationships
Are You Ready?Access Prior KnowledgeUse the Are You Ready? 20.2 in the Assessment Guide to assess students’ understanding of the prerequisite skills for this lesson.
Vocabularyresources
Go to Multimedia eGlossary at thinkcentral.com
20.2 Cost of Resources How does the availability of resources affect their cost?Essential Question?
Lesson OpenerMaking ConnectionsInvite students to tell you what they know about prices.
What prices do you know? (examples: school lunch, baseball glove, video game, etc.) Do the prices for things always stay the same? (No.) Why do you think some things have a higher price than other things?
Using the Digital LessonYou may want to help students visualize the number of kites made using cubes to represent thousands.
Learning TaskWhat is the problem the students are trying to solve? Connect the story to the problem.
• How many orange kites were made? Purple? Green? Red? (20,000 orange, 25,000 purple, 25,000 green, 15,000 red)
• How much did the orange kites cost? Purple? Green? ($15 for orange, $12 for purple, $12 for green)
• Which color kites were made most? (Purple and green)
• Which color kite costs the least amount of money? (Purple and green)
Literacy and Mathematics Choose one or more of the following activities.
• Ask the students to come up with a list of reasons why the manufacturer might have made fewer red kites.
• Have the students make up a story about the kite fliers that might meet each other.
How does the availability of resources affect their
cost ?
Lesson 20.2 667A
Unlock the ProblemUnlock the Problem
Mathematical ProcessesMath Talk
Essential Question?
Name
Ellen collects character toys. The toys come in sets named by
colors. Some sets are hard to find because the toymaker does not
make many of them. Resources are things that are produced and
used. When many toy sets are made, the resources are plentiful.
When few toy sets are made, the resources are scarce.
Resources and Cost
Toy Set Color Blue Orange Red Purple Green
Number Made 50,000 50,200 500 50,350 50,850
Cost per Set $32 $30 $99 $29 $28
Order the toy sets from the most to the least made.
___________
The toymaker made 50,000 or more of all the toy sets except
for the _ set. Only _ red sets were made.
Round each cost to the nearest ten dollars.
___________
Most toy sets cost about _, but the _ set costs about _.
How does the number of toy sets made relate to the cost
of the toy set?
When many toy sets are available, the cost for each set
is _ (high, low).
When fewer toy sets are available, the cost for each set
is _ (high, low).
Personal Financial Literacy—3.9.B Also 3.2.D
MATHEMATICAL PROCESSES3.1.A, 3.1.F
20.2 Cost of Resources
How does the availability of resources affect their cost?
If the toymaker makes only 100 toys sets in a
new color, do you think the cost will be more than $99 or less than
$99? Explain.
green, purple, orange, blue, red
blue: $30; orange: $30; red: $100; purple: $30; green: $30
red 500
$30 $100
low
high
red
Math Talk: Possible explanation: I think the cost will be more than $99 because the new set would be even harder to fi nd than the red set. If there is less of a product available, its cost goes up.
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Module 20 667
Language SupportELL
English Language Learners
ELPS 1.B.1, 2.E.3, 3.D.1
Strategy: Model Language• Students can learn correct pronunciation and sentence structure by
repeating words and sentences that are modeled by the teacher or by other native speakers.
• When you describe the cost related to an available product, have children repeat the sentences.
• Model each sentence before having children repeat it.
Auditory/VerbalWhole class
Unlock the Problem Read the problem together. Discuss with students the definition of resources as things that are made to sell or use. In this example, the character toy sets are resources. Ask students for examples of other resources (food products, clothing, gas). Help students understand that the problem involves character toys that come in sets of different colors. Be sure students know what each row in the table represents.
• How do you compare the numbers of toy sets made? Possible answer: compare the numbers in the second row of the table using place value; compare ten thousands, then thousands, then hundreds, tens, and ones.
• What is the same about the most of the numbers? Answers will vary. Possible answer: most of the numbers are greater than or equal to 50,000.
• Which toy set is different? How is it different? the red set; possible explanation: only a small number of red sets, 500, were made.
• What is the same about the toy sets for which 50,000 or more were made? Possible answer: their prices are all about $30.
• How is the red toy set different? Possible answer: its price is much greater than the other sets’ prices.
Help students generalize that when more of a product is available (resources are plentiful), it can be sold for a lower price. When less of a product is available (resources are scarce), the price will increase. Explain that this applies not only to toys, but to other products as well, such as food and gas for cars.
Math Talk Use Math Talk to focus on students’ understanding of how product availability is related to the price of an item. Students should apply and extend the concept. If a smaller number of toy sets are made, the product will be even more scarce and the price will be greater.
Mathematical Processes
Leveled Activities ELPS
Beginning: Activity 20 1.A.1, 3.G.2, 4.C.3
Intermediate: Activity 40 4.F.6, 4.G.2, 4.G.4
Advanced: Activity 57 2.C.4, 3.D.2, 3.E
Advanced High: Activity 43 4.F.8, 4.G.2, 4.G.4
thinkcentral.com for the ELL Activity Guide containing these leveled activities.
When there is a lot of product, the cost decreases.When there is less of a product, the cost increases.
667 Module 20
Share and ShowShare and Show
Mathematical ProcessesMath Talk
Anton’s Baseball Cards
Baseball Cards Price
Card A $22
Card B $39
Card C $135
Card D $3
Card E $5
StoreNumber of
Dolls
Tammi’s Dolls 1
Place of Dolls 10
Toy Village 120
Midland Toys 20
Doll Town 10
Anton collects baseball cards. He wants to buy a card
that is very hard to find. Use the table for 1–2.
1. Order the baseball card prices from greatest to least.
2. Which card do you think is the one Anton wants to buy?
Explain using the term resources.
Mrs. Garcia is looking for a doll for her daughter Maria.
The table shows how many of the dolls are available at
some stores. Use the table for 3–4.
3. At which store do you think the price will be the lowest?
4. Explain why a store might lower the price when it has
too many of a particular resource?
The members of a service club want to raise money by
selling muffins. The types of muffins are listed in the
table below in order from the most muffins made to the
least muffins made.
5. Use the prices $1, $2, $3, $4, and assign a price to each
muffin. Explain.
Flavor Chocolate Banana Bran Plain
Price
How could the popularity of an item affect the
number of items made and the price of the
item? Explain.
Possible answer: I assigned prices from least to greatest.
I started with $1 for chocolate because it was the most
available.
Answers will vary. Possible answer: More of a popular item could be made. Its availability could mean a lower price, but a seller could decide to sell it at a higher price to earn more money.
$135, $39, $22, $5, $3
Toy Village
Card C; Possible explanation: when resources are scarce, or
Possible explanation: the store wants people to buy the item,
not very available, their price will be greater. Card C has the
greatest price.
so it might lower the price to attract more people.
Answers may vary.
668
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Enrich
Go to Go to thinkcentral.com for additional enrichmentactivities in the Enrich Activity Guide.
• Explain that Eduardo makes necklaces. Show the descriptions of the different types of necklaces.
A: complicated design, inexpensive beads
B: complicated design, expensive beads
C: simple design, inexpensive beads
D: simple design, expensive beads
• Have pairs of students decide how much money Eduardo should charge for each type of necklace.
• Ask students to share their thoughts with the class. Elicit that Eduardo should charge more when he uses expensive beads, and also when he makes a complicated design.
Logical/MathematicalPartners
Share and ShowThe first problem connects to the learning model. Have students use the MathBoard to explain their thinking.
Have students share their explanations about how they assigned prices to the types of muffins in Exercise 5. It is reasonable for a student to assign a greater price to an available muffin, such as chocolate, because the flavor is more available. Students should be able to explan their reasoning.
Use the checked exercises for Quick Check. Students should show their answers for the Quick Check on the MathBoard.
1
2
3
a student misses the checked exercises
Quick Check
IF
THENDifferentiate Instruction withRtI Tier 1 Lesson 5
Math Talk Use Math Talk to reinforce students’ understanding of how product popularity, as well as its availability, can affect cost.
Mathematical Processes
COMMON ERRORSError Students may forget a zero when ordering numbers.
Example When ordering resources from greatest to least:
75,000; 7,50; 750; 75 instead of
75,000; 7,500; 750; 75
Springboard to Learning Remind students that each group of three digits is separated by a comma in a greater number. Have them check that there are 3 digits to the right of the comma.
CE
Lesson 20.2 668
Problem SolvingProblem Solving
Write MathWrite Math
Show Your Work
Name
For 6–7, use the table.
6. Write MathWrite Math Baseball cards of a famous player are sold
at auctions. At an auction, people call out bids. A bid is
the price they would pay for an item. In which year do
you think the fewest cards for that baseball player were
available? Explain.
7. Multi-Step How much greater was the price
for the 1951 card than prices for the 1952, 1953, and 1954
cards combined?
Leah will sell her headbands at a yard sale. She has
14 blue, 4 black, and 19 red headbands.
8. How should Leah price her headbands if she
prices them based on availability of resources? Assign a
price to each color. Then justify your answer.
9. Multi-Step How much money will Leah earn if she sells
all of her headbands at your prices?
Year Card was Made
Auction Price
1951 $4,810
1952 $1,550
1953 $999
1954 $1,2101951; possible explanation: the card from 1951 sold at the
greatest price, so there were probably fewer cards made or
fewer available to buy.
Answers will vary. Possible answers: black = $3, blue = $2,
and red = $1 because people might pay more money for the
black headbands since there are fewer black headbands
available than blue and red headbands.
$1,051
Answers will vary.
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Module 20 • Lesson 2 669
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LESSON 5 3.2.D
You compare two numbers to decide whether one number is greater than (> ), is less than (< ), or is equal to (= ) the other number.
Use a place-value chart to compare 54,237 and 54,537.
Step 1 The ten thousands digits are the same. The thousands digits are the same.
Step 2 Compare hundreds.
2 hundreds are less than 5 hundreds.
So, 54,237 < 54,537.
You can order three numbers by deciding which number is the greatest or least. Then compare the remaining two numbers.
Order 237, 451, and 405 from least to greatest. 237, 405, 451
Compare the numbers. Write < , > , or = in the .
1. 378 387 2. 3,275 3,257
3. 2,078 989 4. 64,367 67,251
Write the numbers in order from greatest to least.
5. 421, 197, 724
, ,
6. 1,946; 5,632; 8,105
, ,
7. 246, 190, 249
, ,
8. 94,531; 94,852; 94,850
, ,
Compare and Order Whole NumbersOBJECTIVE Use place value to compare multi-digit numbers.
Ten Thousands
Thousands Hundreds Tens Ones
54,237 5 4, 2 3 7
54,537 5 4, 5 3 7
54, 2 37
54, 5 372 < 5
>
>
<
<
8,105
94,852249
724 5,632
94,850246
421 1,946
94,531190
197
Number and Operations 9 Enrich© Houghton Mifflin Harcourt Publishing Company
E95
Name Enrich 95
Saving with Place Value
Carl, Sonny, and Chita saved different amounts of money
each month. Carl saved $1 each month. Sonny saved $10
each month. Chita saved $100 each month. Complete the
table.
Total Saved
Months 1 2 3 4 5 6 7 8 9 10
Carl$1per
month$ $ $ $ $ $ $ $ $ $
Sonny$10per
month$ $ $ $ $ $ $ $ $ $
Chita$100per
month$ $ $ $ $ $ $ $ $ $
Use the table for 1–4.
1. How many months will it take Carl to save $5?
2. When Sonny has saved $120, how much money will Chita have saved?
3. What is the total amount of money saved by all three people in 10 months? Explain how you know.
4. How could you use bills to model the total amount
of money saved by all three people in 10 months? Use only $1 bills, $10 bills, and $100 bills. Show two different ways.
5 months $1,200
$1,110 ; 1,000 1 100 1 10 is 1,110.
1 2 3 4 5 6 7 8 9 10
10 20 30 40 50 70 80 90 100
100 200 300 400 500 600 700 800 9001,000
Possible answer: eleven $100 bills and one $10 bill;
ten $100 bills and eleven $10 bills
60
1
2
3
Enrich 95RtI Tier 1 Lesson 5
Problem SolvingProblems
Problem 7 is a multi-step problem. Students must use addition and subtraction involving the data in the table in order to solve the problem.
For Problem 8, students create their own pricing scheme for the products that are being sold. Then they must justify their answers. Students’ answers should focus on the relationship between the availability of the product or resource and the cost of the product or resource.
Go DeeperHave students do research online to find real-life examples of products whose cost was high because of the limited availability of the products.
Math on the Spot Video Tutor
Through the Math on the Spot Video Tutor, students will be guided through an interactive solving of this type of H.O.T. problem. Use this video to also help students solve the H.O.T. problem in the Interactive Student Edition. With these videos and the H.O.T. problems, students will build skills needed in the TEXAS assessment.
MV
Math on the Spot videos are in theInteractive Student Edition and atthinkcentral.com.
669 Module 20
Daily Assessment TaskDaily Assessment Task
Mathematical Processes
TEXAS Test Prep 13. Analyze Alana paid $15 for a rare stuffed animal. Then the
toymaker announced that thousands more of that animal will
be in stores next week. If Alana sells her stuffed animal online
next week, which best describes what might happen?
A It will sell for more than $15 because there are more resources available.
B It will sell for $20 because it is a scarce resource.
C It will sell for $15 because it is a scarce resource.
D It will sell for less than $15 because there are more resources available.
Fill in the bubble for the correct answer choice.
Use the Robot Toys table for 10–12.
10. A company makes toys that you can build into robots.
The table shows how many of each robot design were
made. Which shows the available resources, from
most to least available?
A 49,000; 800; 9,000; 98,000
B 98,000; 9,000; 800; 49,000
C 49,000; 98,000; 9,000; 800
D 98,000; 49,000; 9,000; 800
11. Apply Which of the robots will sell for the greatest price?
A plane C ship
B train D car
12. Multi-Step If the toy company makes 1,000 more train
robots, how many more ship robots will be available than
train robots?
A 7,200 C 9,200
B 8,200 D 9,800
Robot ToysType of Robot
Number Made
Car 49,000
Plane 98,000
Train 800
Ship 9,000
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Daily Assessment Task 1
2
3
Games
Differentiated Centers Kit
• Soar to Success MathWarm-Up 7.32, 7.33
• Enrich 95
• Homework and Practice Lesson 20.2
Can students describe how the availability of resources affects their cost?
Go Deeper After students have completed the daily assessment task, have the class discuss their reasons for their answers. Encourage them to explain using the terms availability of resources or scarcity of resources.
• In Exercise 11, why do you think the train robots might have the greatest price? Possible answer: the train robots are a scarce resource, so their cost will be greater.
• In Exercise 12, how would the availability of 1,000 more train robots affect the price of the train robots? Possible answer: There would be a few more resources available, but the price would probably not go down much because the train robots would still be a scarce resource compared to the other robots.
TEXAS Test Prep CoachTest Prep Coach helps teachers to identify common errors that students can make.
In the Test Prep exercise, if students selected:
A, B or C They did not understand the relationship between product availability and cost.
Essential Question? WriteMathWriteMath
How does the availability of resources affect their cost? Possible answer: when there is very little of a product available or resources are scarce, the cost to buy the product will increase; when there is a lot of a product available or resources are plentiful, the cost will decrease.
LiteratureSoccer BashStudents read the book and use place value to determine if there’s enough money for the soccer team’s party.
GamesMoney ManiaStudents practice comparing money amounts.
Lesson 20.2 670
TEXAS Test PrepLesson CheckLesson Check
Fill in the bubble completely to show your answer.
Use the Collectible Plates table for 7–9.
7. A company makes collectible nature
plates. The table at the right shows
how many plates of each type were
made. Which of the plates will sell
for the greatest price?
A Garden C Mountains
B Seaside D Forest
8. Which shows the number of plates
made in order from least to greatest?
A 2,200; 8,400; 12,800; 17,500
B 8,400; 12,800; 17,500; 2,200
C 17,500; 12,800; 8,400; 2,200
D 12,800; 8,400; 2,200; 17,500
9. Multi-Step The company makes
another 2,000 Seaside plates.
How many more Garden plates will
there be than Seaside plates?
A 4,700 C 14,800
B 19,700 D 2,700
Use the Action Figures table for 10–12.
10. The table shows the price of some
collectible action figures. Based on
their prices, which action figure is
the most available resource?
A Superhero C Gigantor
B Titan D Colossus
11. The action figure company announces
that the Colossus action figure will no
longer be made. In one year, which
action figure will likely cost the most?
A Superhero C Gigantor
B Titan D Colossus
12. Multi-Step Zach buys 1 Titan and
2 Superhero action figures. He
pays with two $20 bills. How much
change does he receive?
A $28 C $40
B $12 D $8
Collectible PlatesType of Plate Number Made
Garden 17,500
Mountains 8,400
Seaside 12,800
Forest 2,200
Action FiguresFigure Price
Superhero $8
Titan $12
Gigantor $27
Colossus $18
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Problem SolvingProblem Solving
Homeworkand Practice
Name
Edgar collects model cars. He wants to buy a car
that is very hard to find. Use the table for 1–3.
1. Write the names of the model cars in
order from the greatest price to the
least price.
2. Which car do you think Edgar wants
to buy? Explain.
3. Which model car do you think will be
the easiest for Edgar to find? Explain.
Use the table at the right for 4–6.
4. Lucia collects models of famous
ships. Write the names of the model
ships in order from least number
made to greatest number made.
6. Which model ship will have the most
expensive price? Explain.
5. Which model ship do you think will
be easiest for Lucia to find? Explain.
20.2 Cost of Resources
Personal Financial Literacy—3.9.B Also 3.2.DMATHEMATICAL PROCESSES 3.1.A, 3.1.F
Model CarsCar Price
Rolls Royce $23
Convertible $12
Model T $35
Pick-up Truck $9
4-Door Sedan $5
Models of Famous ShipsShip Number Made
Lusitania 21,000
Bismarck 5,000
Andria Doria 28,000
Titanic 48,000
HMS Victory 15,000
Model T, Rolls Royce, Convertible,
Pick-up Truck, 4-Door Sedan
Model T; Possible explanation: it has the
greatest price, so it is probably the scarce
or hard to fi nd resource that Edgar wants.
4-Door Sedan; Possible explanation: this
model car has the lowest price, so there
are probably a lot of them for sale.
Bismarck, HMS Victory, Lusitania, Andria
Doria, Titanic
Titanic; Possible explanation: there are
more Titanics than any of the other ships.
Possible explanation: there are fewer
Bismarks than other ships, so it is scarce
and will probably have a greater price.
Bismarck;
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Module 20 • Lesson 2 671
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Homework and PracticeUse the Homework and Practice pages to provide students with more practice on the concepts and skills of this lesson.
671-672 Module 20