Equations Flashcards
1
Q
Revenue
A
Price x quantity
2
Q
Costs
A
Tc - FC + VC
3
Q
Total variable cost
A
Variable cost per unit x output
4
Q
Profit
A
Revenue - cost
5
Q
Average unit cost
A
Total cost/output
6
Q
Percentage change
A
Difference or change/og x 100
7
Q
Interest
A
Amount borrowed x interest rate
8
Q
Exchange rate
A
Currency x exchange rate
9
Q
Unit cost
A
Total cost/output
10
Q
Labour cost per employee
A
Total Labour cost/number of employees
