equations Flashcards
(6 cards)
1
Q
average unit cost
A
total cost / output
2
Q
percentage change
A
(new value - old value) / old value x100
3
Q
total fixed costs
A
total costs - total variable costs
4
Q
total costs
A
total fixed costs + total variable costs
5
Q
profit
A
total revenue - total costs
6
Q
total variable costs
A
1) varieties cost per unit x output
2)total costs - total fixed costs
