Profit Family-Formulae Flashcards

1
Q

Profit

A

Total Revenue – Total Cost

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

Total Cost

A

Total Fixed Cost + Total Variable Cost

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

Total Revenue

A

Selling Price x Number Sold

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

Total Fixed Cost

A

All fixed costs added together

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

Total variable cost

A

Variable cost per unit x Number sold

How well did you know this?
1
Not at all
2
3
4
5
Perfectly