business calcs- unit 1 Flashcards
1
Q
Variable costs
A
Output x Variable costs per unit
2
Q
Total costs
A
Variable costs x fixed costs
3
Q
Revenue
A
Quantity sold x Average selling price
4
Q
Unit costs
A
Total costs/Number of units produced
5
Q
Profit
A
Total revenue- Total costs
6
Q
Market capitalisation
A
Current share price x Number of shares sold
