Team 1
0
Team 2
0
Teams
Name
Score
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
Loading
15
×
Allocative Efficiency
MC=MB(P)
Oops!
Check
Okay!
Check
20
×
Price elasticity of supply
%change q supplied/%change price
Oops!
Check
Okay!
Check
10
×
MFC or MRC
Wages (marginal factor or resource cost)
Oops!
Check
Okay!
Check
×
lifesaver
Give 15 points!
Oops!
×
fairy
Take points!
5
10
15
20
25
×
gift
Win 20 points!
Okay!
×
thief
Give points!
5
10
15
20
25
10
×
Equation used to determine profit max quantity
MR=MC
Oops!
Check
Okay!
Check
5
×
Factor market with many firms and qualified factors
perfect competition
Oops!
Check
Okay!
Check
15
×
Price elasticity of Demand
%Change Q/%change Price
Oops!
Check
Okay!
Check
15
×
Cross elasticity of demand
%change Qa/%change Pb
Oops!
Check
Okay!
Check
5
×
Factor market with one employer of the factor
Monopsony
Oops!
Check
Okay!
Check
15
×
Productive Efficiency
p=min ATC
Oops!
Check
Okay!
Check
15
×
Income elasticity of demand
%change Q/%change Income
Oops!
Check
Okay!
Check
×
boom
Lose 50 points!
Oops!
×
seesaw
Swap points!
Okay!
×
fairy
Take points!
5
10
15
20
25
×
baam
Lose 25 points!
Oops!
10
×
Collusive oligopoly
Cartel
Oops!
Check
Okay!
Check
10
×
MP*P
MRP or MRV
Oops!
Check
Okay!
Check
10
×
Equation used to determine quantity of a resource to hire
MRP=MRC or MRV=MFC
Oops!
Check
Okay!
Check
×
lifesaver
Give 5 points!
Oops!
×
gold
Win 50 points!
Okay!
×
fairy
Take points!
5
10
15
20
25
×
thief
Give points!
5
10
15
20
25
×
Restart
Review
Join for Free
;
Your experience on this site will be improved by allowing cookies.
Allow cookies