35MR=MCAveragecostTotalrevenueLongrunImplicitcost0LongrunWage/Salary10020TR-TC180MarginalRevenueP=AcTotalFixedcostConstantReturnsto ScaleMarginalCostP<AVC540800TotalcostTR <ACMarginalRevenue35MR=MCAveragecostTotalrevenueLongrunImplicitcost0LongrunWage/Salary10020TR-TC180MarginalRevenueP=AcTotalFixedcostConstantReturnsto ScaleMarginalCostP<AVC540800TotalcostTR <ACMarginalRevenue

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