Average Cost Rises Phase I Horizontal Straight line parallel to X-axis Average Product (AP) Rises Vertical Straight Line parallel to Y-axis Marginal Cost = Marginal Revenue Short Run Average Cost Minimum Marginal Cost Total Product (TP) is Maximum Marginal Product (MP) Horizontal Straight Line parallel to X-axis Inversely S shaped from Origin Steeper Curve Marginal Revenue = Average Revenue Average Product (AP) Maximum Marginal Cost > Marginal Revenue Average Cost Falls Average Fixed Cost Rectangular Hyperbola Rectangular Hyperbola U Shaped Long Run Total Fixed Cost Point of Inflexion Total Revenue is Maximum Average Revenue Average Variable Cost Inversely S shaped from Y- axis Horizontal Straight line parallel to X-axis Average Product (AP) Falls Phase III Marginal Revenue Phase II Profit Opportunity Cost Total Revenue Flatter Curve Average Cost Rises Phase I Horizontal Straight line parallel to X-axis Average Product (AP) Rises Vertical Straight Line parallel to Y-axis Marginal Cost = Marginal Revenue Short Run Average Cost Minimum Marginal Cost Total Product (TP) is Maximum Marginal Product (MP) Horizontal Straight Line parallel to X-axis Inversely S shaped from Origin Steeper Curve Marginal Revenue = Average Revenue Average Product (AP) Maximum Marginal Cost > Marginal Revenue Average Cost Falls Average Fixed Cost Rectangular Hyperbola Rectangular Hyperbola U Shaped Long Run Total Fixed Cost Point of Inflexion Total Revenue is Maximum Average Revenue Average Variable Cost Inversely S shaped from Y- axis Horizontal Straight line parallel to X-axis Average Product (AP) Falls Phase III Marginal Revenue Phase II Profit Opportunity Cost Total Revenue Flatter Curve
(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.
Average Cost Rises
Phase I
Horizontal Straight line parallel to X-axis
Average Product (AP) Rises
Vertical Straight Line parallel to Y-axis
Marginal Cost = Marginal Revenue
Short Run
Average Cost Minimum
Marginal Cost
Total Product (TP) is Maximum
Marginal Product (MP)
Horizontal Straight Line parallel to X-axis
Inversely S shaped from Origin
Steeper Curve
Marginal Revenue = Average Revenue
Average Product (AP) Maximum
Marginal Cost > Marginal Revenue
Average Cost Falls
Average Fixed Cost
Rectangular Hyperbola
Rectangular Hyperbola
U Shaped
Long Run
Total Fixed Cost
Point of Inflexion
Total Revenue is Maximum
Average Revenue
Average Variable Cost
Inversely S shaped from Y-axis
Horizontal Straight line parallel to X-axis
Average Product (AP) Falls
Phase III
Marginal Revenue
Phase II
Profit
Opportunity Cost
Total Revenue
Flatter Curve