P<AVC100Wage/SalaryAveragecostTotalrevenueP=Ac20LongrunTotalcost35540ConstantReturnsto ScaleTR-TCLongrunImplicitcostMarginalRevenueTotalFixedcost800MarginalRevenueMR=MCMarginalCost1800TR <ACP<AVC100Wage/SalaryAveragecostTotalrevenueP=Ac20LongrunTotalcost35540ConstantReturnsto ScaleTR-TCLongrunImplicitcostMarginalRevenueTotalFixedcost800MarginalRevenueMR=MCMarginalCost1800TR <AC

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