0180P<AVCMarginalCostMR=MCTotalrevenueConstantReturnsto ScaleTR-TC35LongrunImplicitcostP=AcTR <AC20Longrun540Wage/SalaryMarginalRevenueTotalFixedcost800MarginalRevenueAveragecostTotalcost1000180P<AVCMarginalCostMR=MCTotalrevenueConstantReturnsto ScaleTR-TC35LongrunImplicitcostP=AcTR <AC20Longrun540Wage/SalaryMarginalRevenueTotalFixedcost800MarginalRevenueAveragecostTotalcost100

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