Unit 4 Formulas

Question 1

Unit Costs

Answer 1

Total costs
_______________
Total Output

Question 2

Labour Productivity

Answer 2

Output per period
__________________________________
number of employees per period

Question 3

Capacity

Answer 3

Maximum level of production

Question 4

Capacity utilisation (%)

Answer 4

Actual Output
——————————————- X100
Maximum possible of output
(Capacity)