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Business > Equations > Flashcards

Equations Flashcards

(6 cards)

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1
Q

Contribution

A

selling price-variable cost per unit

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2
Q

breakeven

A

fixed costs/contribution per unit

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3
Q

Market share

A

sales of a firm/total sales in the market

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4
Q

Income elasticity of demand

A

percentage change in quantity demanded/percentage change in income

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5
Q

Income elasticity of price

A

percentage change in quantity demanded/percentage change in price

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6
Q

profit

A

total revenue - total costs

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Business (6 decks)

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