Cost, revenue + total profit calculations

Question 1

What is the average fixed cost

Answer 1

average fixed cost = total fixed cost/
level of output

Question 2

What is average/unit cost

Answer 2

average/unit cost = total cost/
output

Question 3

what is average variable cost

Answer 3

average variable cost = total variable cost/
output

Question 4

what is revenue

Answer 4

revenue = output sold * price per output

Question 5

what is profit

Answer 5

profits = total revenue - total costs