ImplicitCostsFixedCost(FC)P=MCOpportunityCostProfitMarginalProductAverageVariableCost(AVC)PerfectCompetitionExplicitCostsTR=P*QAverageTotalCost(ATC)MR=MCTotalRevenueLandLongrunHomogenousProductLaborVariableCostPriceCapitalTotalCost(TC)MarginalRevenue(MR)MarginalCost(MC)ShortrunImplicitCostsFixedCost(FC)P=MCOpportunityCostProfitMarginalProductAverageVariableCost(AVC)PerfectCompetitionExplicitCostsTR=P*QAverageTotalCost(ATC)MR=MCTotalRevenueLandLongrunHomogenousProductLaborVariableCostPriceCapitalTotalCost(TC)MarginalRevenue(MR)MarginalCost(MC)Shortrun

Cost of Production - Call List

(Print) Use this randomly generated list as your call list when playing the game. There is no need to say the BINGO column name. 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.


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  1. Implicit Costs
  2. Fixed Cost (FC)
  3. P=MC
  4. Opportunity Cost
  5. Profit
  6. Marginal Product
  7. Average Variable Cost (AVC)
  8. Perfect Competition
  9. Explicit Costs
  10. TR=P*Q
  11. Average Total Cost (ATC)
  12. MR=MC
  13. Total Revenue
  14. Land
  15. Long run
  16. Homogenous Product
  17. Labor
  18. Variable Cost
  19. Price
  20. Capital
  21. Total Cost (TC)
  22. Marginal Revenue (MR)
  23. Marginal Cost (MC)
  24. Short run