Buss 1 Equations Flashcards
1
Q
Total costs
A
Fixed costs + v.c
2
Q
Variable costs
A
V.c per unit X no. Sold
3
Q
Profit
A
Total revenue - total costs
4
Q
Contribution per unit
A
Price - v.c
5
Q
Break even point
A
Fixed costs / contribution per unit
6
Q
Marley size
A
Total sales of all products by all firms in the market
