Team 1
0
Team 2
0
Teams
Name
Score
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8
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16
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20
×
Allocation to min costs between capital and labor
MPk/Pk=MPl/Pl
Oops!
Check
Okay!
Check
15
×
Cross elasticity of demand
%change Qa/%change Pb
Oops!
Check
Okay!
Check
×
thief
Give points!
5
10
15
20
25
×
seesaw
Swap points!
Okay!
×
fairy
Take points!
5
10
15
20
25
×
banana
Go to last place!
Oops!
10
×
MP*P
MRP or MRV
Oops!
Check
Okay!
Check
10
×
MFC or MRC
Wages (marginal factor or resource cost)
Oops!
Check
Okay!
Check
10
×
Equation used to determine profit max quantity
MR=MC
Oops!
Check
Okay!
Check
×
eraser
Reset score!
Oops!
×
rocket
Go to first place!
Okay!
×
shark
Other team loses 10 points!
Okay!
×
thief
Give points!
5
10
15
20
25
15
×
Allocative Efficiency
MC=MB(P)
Oops!
Check
Okay!
Check
15
×
Profit Max between capital and labor
MRPk/PK=MRPL/PL
Oops!
Check
Okay!
Check
15
×
Productive Efficiency
p=min ATC
Oops!
Check
Okay!
Check
5
×
Factor market with one employer of the factor
Monopsony
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Check
Okay!
Check
×
monster
Reset all scores!
Oops!
×
gold
Win 50 points!
Okay!
×
fairy
Take points!
5
10
15
20
25
×
baam
Lose 25 points!
Oops!
10
×
Collusive oligopoly
Cartel
Oops!
Check
Okay!
Check
20
×
Price elasticity of supply
%change q supplied/%change price
Oops!
Check
Okay!
Check
5
×
Factor market with many firms and qualified factors
perfect competition
Oops!
Check
Okay!
Check
10
×
Equation used to determine quantity of a resource to hire
MRP=MRC or MRV=MFC
Oops!
Check
Okay!
Check
×
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