Wage/Salary200MarginalRevenue35AveragecostP=AcConstantReturnsto ScaleMarginalRevenueLongrunMarginalCost100TR <AC800TotalcostTotalrevenueTotalFixedcost540ImplicitcostTR-TCMR=MCLongrunP<AVC180Wage/Salary200MarginalRevenue35AveragecostP=AcConstantReturnsto ScaleMarginalRevenueLongrunMarginalCost100TR <AC800TotalcostTotalrevenueTotalFixedcost540ImplicitcostTR-TCMR=MCLongrunP<AVC180

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