800MarginalRevenueP=AcWage/SalaryMR=MC180MarginalCostImplicitcostTotalrevenue100540ConstantReturnsto ScaleP<AVCLongrunTotalFixedcostAveragecostTR-TCLongrun200TotalcostMarginalRevenue35TR <AC800MarginalRevenueP=AcWage/SalaryMR=MC180MarginalCostImplicitcostTotalrevenue100540ConstantReturnsto ScaleP<AVCLongrunTotalFixedcostAveragecostTR-TCLongrun200TotalcostMarginalRevenue35TR <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
O
2
N
3
I
4
G
5
B
6
O
7
G
8
I
9
B
10
O
11
O
12
I
13
I
14
N
15
B
16
B
17
I
18
N
19
O
20
G
21
B
22
N
23
G
24
G
  1. O-800
  2. N-Marginal Revenue
  3. I-P=Ac
  4. G-Wage/Salary
  5. B-MR=MC
  6. O-180
  7. G-Marginal Cost
  8. I-Implicit cost
  9. B-Total revenue
  10. O-100
  11. O-540
  12. I-Constant Returns to Scale
  13. I-P<AVC
  14. N-Long run
  15. B-Total Fixed cost
  16. B-Average cost
  17. I-TR-TC
  18. N-Long run
  19. O-20
  20. G-0
  21. B-Total cost
  22. N-Marginal Revenue
  23. G-35
  24. G-TR < AC