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