MarginalRevenueMarginalCostTotalrevenueAveragecost10035P<AVC180LongrunMarginalRevenueTotalcostLongrun800TotalFixedcost20TR <AC540MR=MCWage/SalaryConstantReturnsto ScaleImplicitcost0P=AcTR-TCMarginalRevenueMarginalCostTotalrevenueAveragecost10035P<AVC180LongrunMarginalRevenueTotalcostLongrun800TotalFixedcost20TR <AC540MR=MCWage/SalaryConstantReturnsto ScaleImplicitcost0P=AcTR-TC

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