Unit 1 Formulas Flashcards
(6 cards)
1
Q
Profit
A
Total revenue - Total costs
2
Q
Total revenue
A
Price x quantity sold
3
Q
Variable Costs
A
Output X variable costs per units
4
Q
Total costs
A
Variable costs + Fixed Costs
5
Q
Unit Costs
A
Total costs / Number of Units produced
6
Q
Market Capitalisation
A
Current share price X number of shares sold
