Equations Flashcards by Sarah Rashid

Q

Revenue

A

Price x quantity

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Q

Costs

A

Tc - FC + VC

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Q

Total variable cost

A

Variable cost per unit x output

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Q

Profit

A

Revenue - cost

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Q

Average unit cost

A

Total cost/output

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Q

Percentage change

A

Difference or change/og x 100

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Q

Interest

A

Amount borrowed x interest rate

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Q

Exchange rate

A

Currency x exchange rate

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Q

Unit cost

A

Total cost/output

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Q

Labour cost per employee

A

Total Labour cost/number of employees

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