Green🟩 Flashcards
1
Q
average unit cost
A
total cost / output
2
Q
revenue
A
selling price per unit X quantity sold
3
Q
total costs
A
fixed costs + variable costs
4
Q
total fixed costs
A
total costs - variable costs
5
Q
total variable costs
A
total costs - total fixed costs
6
Q
profit / loss
A
revenue - total costs
