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Econ 12 Business Escape Room

Heather Leon

Created on April 18, 2024

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Transcript

Welcome to the Business Unit Escape Room

There are clues scattered around the cafe! Find them and use your notes to solve the puzzles - get everything right and you will be given the key to unlock the door!

On any page - to return to the main cafe, click the genially logo

Which of these is a good example of fixed costs for mcdonalds?

Workers
hamburger patties
rent
electricity

Pick a different answer

Click on this page to return to the game.

Which term refers to revenue and costs being equal?

Break Even Point
marginal revenue
marginal cost
diminishing returns

needing to buy more potatoes to make more fries is an example of which term?

Fixed Costs
variable costs
marginal cost
total costs

Fantastic Job!

The first number is 2 !
Click on the page to return to the game

Find the following words - whatever is NOT in the word search creates the clue term you need!

  • cost
  • diminishing
  • fixed
  • marginal
  • returns
  • revenue
  • variable

The missing term is:_______________

The term NOT used in the word search is

enter the term here!

click on the paper to access the link -

The total cost of producing 4 units is $___________?

The total cost of producing 4 units is

$

What term refers to a firm that can set its own prices?

homogeneous product

price taker

elastic

price maker

In which market structure can businesses have products either the same or different from the other businesses?

oligopoly

perfect competition

monopolistic competition

monopoly

Because of a patent, this market has high long run profit, but only for a limited time determined by the government:

This market structure is called: _______________

Pick a different answer

Click on this page to return to the game.

The specific market structure is called

Enter the password

Did you find the code for the key?

Put the number here to see: ____

Unlock the door -

the code is