ConstantReturnsto ScaleP=AcMR=MC35P<AVCTotalFixedcostTR-TCMarginalRevenue20LongrunWage/SalaryImplicitcostMarginalRevenueLongrunAveragecostTR <AC5401800100TotalcostTotalrevenue800MarginalCostConstantReturnsto ScaleP=AcMR=MC35P<AVCTotalFixedcostTR-TCMarginalRevenue20LongrunWage/SalaryImplicitcostMarginalRevenueLongrunAveragecostTR <AC5401800100TotalcostTotalrevenue800MarginalCost

Theory of Cost and Profit - Call List

(Print) Use this randomly generated list as your call list when playing the game. Place some kind of mark (like an X, a checkmark, a dot, tally mark, etc) on each cell as you announce it, to keep track. You can also cut out each item, place them in a bag and pull words from the bag.


1
I
2
I
3
B
4
G
5
I
6
B
7
I
8
N
9
O
10
N
11
G
12
I
13
N
14
N
15
B
16
G
17
O
18
O
19
G
20
O
21
B
22
B
23
O
24
G
  1. I-Constant Returns to Scale
  2. I-P=Ac
  3. B-MR=MC
  4. G-35
  5. I-P<AVC
  6. B-Total Fixed cost
  7. I-TR-TC
  8. N-Marginal Revenue
  9. O-20
  10. N-Long run
  11. G-Wage/Salary
  12. I-Implicit cost
  13. N-Marginal Revenue
  14. N-Long run
  15. B-Average cost
  16. G-TR < AC
  17. O-540
  18. O-180
  19. G-0
  20. O-100
  21. B-Total cost
  22. B-Total revenue
  23. O-800
  24. G-Marginal Cost